Lactose price in the United States was in the range of 0.3600 to 0.4700 USD/lb in March 2022. While the majority of industry contacts believe that the inventories are substantial, their assessments of the market's tone and trajectory may vary. Lactose looks to be establishing a market that is multimodal in nature.
According to several contacts, producers are increasing their offerings and end customers are easily able to obtain things at the lower end of the pricing range. They observe the market continue to deteriorate from their vantage point.
Other reports indicate a return of interest and inquiries from buyers worldwide. Certain overseas providers have a restricted supply and charge substantially more for lactose than in the United States. As a result, some consumers are willing to pay a premium for domestically manufactured lactose.
Demand for lactose with a finer mesh and the one that meets more stringent end-user specifications is increasing. From this vantage point, it appears as though the carbohydrate’s market is gaining traction. Contracts for the second quarter settled at a premium to the first quarter's prices. Lactose production was rather stable.
Procurement Resource provides latest prices of Lactose. 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.
Procurement Resource provides prices of Lactose for several regions around the globe, which are as follows:
Lactose is an example of a disaccharide. It is a sugar made of galactose and glucose subunits. It is naturally found in milk and makes up around 2–8% of milk (by weight). In appearance, Lactose is a white, water-soluble, non-hygroscopic solid with a mildly sweet taste. It is widely utilised in the food industry.
Chemical Formula of Lactose:
In the dairy industry, crystallisation is a vital separation process that is often utilised in the refining of lactose from whey solutions. In the refining operation, lactose crystals are removed from the whey solution through nucleation, growth, and aggregation.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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