This week's Feed Additive Focus, brought to you by Glowlit, takes a look at the latest price changes in Vitamin B1 Mono, Vitamin B2 80% and Vitamin B12 0.1%.

Since the beginning of February, spot buyers paid 139% more globally for Vitamin B1 Mono to a peak of $48.6/kg. The current price is estimated at $37.6/kg. Production facilities that had closed during COVID-19 have now reopened, resulting in a rapid decrease in price. 

Spot buyers paid 24% more for Vitamin B2 80% since the beginning of February. The current global price stands at $18.9/kg. Producers of Vitamin B2 are increasing their prices to account for previous losses. As prices rise, lower margin producers are expected to enter and rebalance the market.  

At the peak of COVID-19 panic buying, spot buyers paid 64% more for Vitamin B12 0.1%. Since then, the market has rebalanced as evidenced by an announcement of intent to raise $70 million for a Vitamin B12 production plant in Asia. Already, the global price has decreased to $2.97/kg. 

Glowlit crowdsources prices from industry professionals around the world. To get your free price report, simply visit Glowlit and anonymously share a quoted or purchased price for your product of interest.