The company has globally increased prices by approximately 12%.
BASF (Ludwigshafen, Germany) has globally increased prices by approximately 12%, effective immediately, for all of its natural-identical carotenoid formulations containing canthaxanthin, citranaxanthin, C30-ester, and beta-carotene.
The company’s products affected are all grades for human and animal nutrition: Lucarotin, beta-carotene, Lucantin Red, Lucantin Yellow, and Lucantin CX Forte. However, Lucantin Pink (astaxanthin) is not affected by the price hike.
The company says that all existing contracts will be honored and says that the increased prices compensate for negative impacts resulting from a combination of increased energy and raw material prices, higher logistics costs, and negative exchange rates.
The Nutritional Outlook Podcast Episode 33: Keeping up with contract manufacturing
July 26th 2024Nutritional Outlook talks to Lauren Samot, commercial innovation leader, and Blayney McEneaney, sales executive at Vitaquest International, about trends within the contract manufacturing space, and the ways in which contract manufacturers like Vitaquest keep up with the market and differentiate themselves from the competition.