As November begins, the vitamin industry is witnessing another surge in prices. According to data from Baiinfo, on November 6, NHU raised the domestic price of feed-grade Vitamin A500 by 30% effective immediately. For Vitamin D3, Garden Biotech increased its domestic price for feed-grade Vitamin D3 (500,000 IU/g) to RMB 400 per kilogram (approximately USD 54.9 per kilogram) on November 5, with an export price of USD 50 per kilogram. This price hike is particularly significant for Vitamin D3, where prices have surged the most. Data indicates that on October 31, the domestic market price for Vitamin D3 was approximately RMB 220-250 per kilogram (about USD 30-34.3 per kilogram). In other words, Garden Biotech’s export price reflects an increase of 60% to 80%. (Source: STCN)
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