During the fourth quarter of 2021, Vitamin B2 prices in North America showed a small downward trend. In the week ending December, vitamin B2 FOB prices in New Jersey and Illinois were evaluated at 61559 USD/MT and 71400 USD/MT, respectively. Offtakes from the nutraceutical and pharmaceutical industries remained stable throughout the quarter in terms of demand. The supply chain strengthened in the latter weeks of November, giving market participants reason to be positive for the next months. In Q4, truck availability rose, ensuring optimal support for material transit across the United States. Prices are likely to fall in the first quarter of 2022 due to improved supply fundamentals and demand stagnation.
Procurement Resource provides latest prices of Vitamin B2. 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 Vitamin B2 for several regions around the globe, which are as follows:
About Vitamin B2:
Vitamin B2 or Riboflavin is a crucial human nutrient which is a heat stable as well as a water-soluble flavin belonging to the vitamin B family. It is one of eight B vitamins that are vital for human health. It helps to prevent and treat riboflavin deficiency and prevent migraines. It may be given orally or by injecting. Vitamin B2 is a precursor of the coenzymes flavin mononucleotide or FMN and flavin adenine dinucleotide or FAD. The sources of Vitamin B2 include food like eggs, green vegetables, milk and dairy products, meat, mushrooms, and almonds.
Chemical Formula of Vitamin B2:
For industrial scale riboflavin production, various biotechnological processes have been developed. This process includes the utilisation of different microorganisms for biosynthesis of Vitamin B2, which include filamentous fungi such as Ashbya gossypii, Candida famata and Candida flaveri along with the bacteria Corynebacterium ammoniagenes and Bacillus subtilis. The chemical company BASF has installed a plant in South Korea, which specialises in riboflavin production using Ashbya gossypii.
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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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