Suppliers' News

Evonik announces global price increase on methionine

A net price increase of up to 10% on MetAMINO® will have immediate effect.

February 20, 2024

Evonik announced a net price increase of up to 10% on MetAMINO® (DL-methionine 99%, feed grade) with immediate effect.

Worldwide, methionine production capacity has been growing faster than demand, leading to an oversupply situation. Evonik is expanding its DL-methionine production plant in Singapore. Its production was reduced for three months in Q4/2023, followed by another three-month tie-in shutdown in the first half of 2024, part of the implementation of Evonik’s methionine asset strategy to safeguard long-term global supply security.

Another global key supplier, Adisseo, planned to concentrate all its French powder methionine production in one facility “due to the structural deterioration in market conditions”. The company will not restart production at its Commentry facility, which was shut down in October 2022.