Following an unprecedented 70-80% increase in key raw material prices, Kensing will raise its tocopherol prices globally by up to 47% effective January 15th 2022, or as permitted by contracts. All other terms and conditions of sale remain unchanged. The increase will impact all product forms and grades used in animal nutrition, human nutrition, and personal care industries.
This very unusual price increase is necessary to cover sharp surge in raw material cost driven by a
convergence of global transportation issues and feedstock shortages, accentuated by the COVID situation. It will remain in place as long as the current situation lasts and will allow us to secure high purity raw materials and continue to insure perfect reliability in our supply. As the market dynamics improve, we will remain very transparent with you in our exchanges.
Your Kensing account manager will discuss with you, at your convenience, your new pricing in 2022 and address any questions you may have.