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Citric acid pricing pattern due for upward turn.(citric acid production facilities)
Purchasing
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July 13, 2006|
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COPYRIGHT 2006 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Gordon Graff
Buyers of citric acid report that the prices for this vital food and beverage additive have held fairly steady over the past year. But rising energy and raw materials costs, along with a robust global demand, look to push citric acid tags into a higher regime, say industry analysts.
In the 1990s and early 2000s, China ramped up its citric acid production facilities, exploiting its abundant reserves of grain, which is a raw material for citric acid. As a result, China now produces some 35-40% of the world's citric acid supply, according to ...
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