Pritzker Private Capital (PPC) recently acquired Vertellus, the only producer of Niacin (Vitamin B3) in the United States. Vertellus Europe's production capacity has been transferred to China. This change of ownership is important for two reasons. First, in a time of increasing shipping costs and volatile availability, buyers down the supply chain should take notice of any change in ownership of a local producer. Second, Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). Signing these principals means that PPC takes the responsibility to act in the best long-term interests of their investors as well as environmental, social, and corporate governance (ESG) issues. As the relationship between PPC and Vertellus unfolds, it will be interesting to see how their sustainability strategy impacts business up and down the supply chain.
FLASH DRIED BLOOD MEAL, PORCINE
The price of Porcine Flash Dried Blood Meal is increasing as it follows the upward trajectory of Soy prices. Farmers must manage their costs related to proteins and amino acids, balancing one source against the other as prices shift. Since July 2020, buyers around the world saw an average increase of 80% in the price of Porcine Blood Meal. Across the world, the Glowlit platform shows a range of prices. Click here to benchmark your quote to other buyers in your region.