U.S. import prices of high-methoxyl pectin rose steadily in October, led by supply-side pressures and firm food, drink, and pharmaceutical industry end-demand. The steady increase, which started in September, reflects the recent rise in raw materials, higher movements in freight rates, exchange rate variations, and stronger consumption in food, beverage, and pharmaceutical industry markets. H.M. Pectin, mainly supplied from citrus peels and apple pomace, has suffered from new crop pressures, logistics problems, and long lead times, further enhancing import costs. While demand remains firm, meanwhile, from plant-based, jams and jellies, dairy desserts, and clean-label manufacturers of foods, suppliers are able to keep prices firm. Projections say the trend will persist through November and beyond, supported by holiday production seasonal H.M. pectin demand and short supply chains. Suppliers, importers, and procurement professionals should follow market trends, update supply plans, and anticipate possible boosts in near-term expenses.
