Korea's FTC fined Daesang, Sajo CPK, Samyang, and CJ CheilJedang a record 747.6 billion won for fixing starch and starch sugar prices from 2018-2025. The companies must reset prices to pre-collusion levels, which is expected to lower costs for food and manufacturing industries.
| Product | Category | Region | Price | Time Period |
| Erythorbic Acid | Chemicals | USA | 3268 USD/MT | January '24 |
| Erythorbic Acid | Chemicals | USA | 3309 USD/MT | March '24 |
Stay updated with the latest Erythorbic Acid prices, historical data, and tailored regional analysis
Erythorbic acid prices observed swift fluctuations during the first three months of the year 2024. Initially, the markets were a little meek owing to the reduced consumption in the downstream sectors. Particularly in the US market, the New Year holidays in the early days prompted fewer industrial working days, limiting the downstream demands; thereby, the prices slipped slightly going from January to February’24. However, as the demands started normalizing soon, the prices also started inching up in the latter phase of the given span. Since the price differences were very subliminal, the overall trend was consolidated.
In the American markets, the monthly average erythorbic acid prices went from about 3268 USD/MT (CIF) in January’24 to around 3309 USD/MT (CIF) in March’24. This shift presented a very moderate market performance by erythorbic acid since the supply and demand dynamics sustained their parity for the most part.
Analyst Insight
According to Procurement Resource, the price projections for Erythorbic Acid look positive for the coming months. The market is expected to sustain its forward looking momentum moving ahead as well.
Procurement Resource provides latest prices of Erythorbic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
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Erythorbic acid is a stereoisomer of ascorbic acid (vitamin C) and is commonly used in the food industry as an antioxidant. Chemically known as isoascorbic acid, it effectively prevents the oxidation of food by scavenging oxygen and inhibiting the effects of metal catalysts in the production process. Erythorbic acid helps maintain color and flavor in a variety of food products, including meats, fruits, and beverages. It is also used to enhance the shelf life of processed foods without impacting their nutritional content.
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Food Preservation, Beverages, Cosmetics, Pharmaceuticals, Meat Processing, Fruit and Vegetable Preservation
Huayuan Bioengineering, HuameiHuli Biochem, MORIMURA BROS, Zhengzhou Tuoyang Industrial, Finoric, APAC Chemical, Xi'an Rainbow Bio-Tech
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
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