The global Glucosamine markets in the first half of May xxxx have recorded increase in prices. This was a result of increase in procurement activity by the downstream sectors in response to seasonal consumer trends and sustained demand growth. The pharmaceutical, nutraceutical and functional food manufacturers have strategically increased their purchasing volumes in anticipation of rising end-user consumption.
This increase in demand with calculated pricing strategies from suppliers have created an upward pressure on Glucosamine prices across key production and consumption hubs. The market behaviour reflected a well-coordinated cycle of anticipatory buying, active inventory management and tactical pricing decisions by producers keen to capitalize on mid-year demand peaks.
The Chinese export market has witnessed a significant increase in prices of Glucosamine. The FOB Qingdao prices were assessed at USD xxxx per metric ton on xx May xxxx with a...
