TRADE TIDES FEED & ADDITIVE MAGAZINE June 2025 69 Trade barriers, tariffs and geopolitics were expected to steer the raw materials market in 2025, according to Kemiex’s outlook shared with about 420 global feed additives executives at a closed-door conference at Eurotier in November, 2024. Few foresaw such a radical shift in U.S. trade policy back then. 2024 was a year that saw a recovery for production and trade volumes, and prices for vitamins after a weak 2023. This was partly driven by producers' efforts to maintain profitability and by supply chain disruptions following a chemical factory accident in Germany in July, affecting Vitamins E, A, precursors and carotenoids. In parallel, the fourth quarter of 2024 saw significant demand and front-loading of shipments to land in U.S. ports before late January and the incoming president. FEED, ADDITIVES PRICES LOWER IN EARLY 2025 Most feed additives saw a considerable drop in prices towards June 2025. DL-Methionine, Vitamins B9 and B1 were notable exceptions, as the downward correction was led by Vitamin A, Vitamin C, Lysine HCl, Vitamins B2, B3, E 50% and amino acids such as Threonine, Tryptophan and Valine. The Kemiex Vitamins Index dropped -20% year-to-date but remains +31% higher than in May 2025. The Kemiex Amino Acids Index is down only -12% year-to-date, and -14% year-on-year. “Most feed additives saw a considerable drop in prices towards June 2025. DLMethionine, Vitamins B9 and B1 were notable exceptions, as the downward correction was led by Vitamin A, Vitamin C, Lysine HCl, Vitamins B2, B3, E 50% and amino acids such as Threonine, Tryptophan and Valine. The Kemiex Vitamins Index dropped -20% year-to-date but remains +31% higher than in May 2025. The Kemiex Amino Acids Index is down only -12% year-to-date, and -14% year-on-year.” TRADE UNCERTAINTY DRIVES FEED, ADDITIVES PRICES DROP IN EARLY 2025 By Stefan Schmidinger, Chief Economist at Kemiex
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