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Free Vitamin B9 Pricing Trend and Forecast New York

Published date: November 2, 2022
  • Location: New York, New York, NY

The Vitamin B9 Pricing started the third quarter of 2022 on an upward note, with FOB New Jersey values assembling at $53100 per MT. However, this trend quickly reversed in the second half, and in September, it was settled at $51500 per MT. The companies that produce them were obliged to decrease prices as a result of the intermittent lockdowns in China, where the majority of nutraceutical products, including vitamin B9, are imported. This, in turn, led to a slight decline in demand in the US during the second half. The Biden administration aimed to lower inflation by removing some tariffs on imports from China as the two largest economies in the world battled congested supply chains and rising oil prices. The US imports were significantly reduced because of production facilities in China, many of which were shut down for maintenance during H2 of Q3, closing. This had a significant impact on the downward pricing trend in the domestic pharmaceutical and nutraceutical industries during the final weeks of Quarter 3.

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