For the Quarter Ending December 2021
North American market witnessed a significant inclination in the prices of Deoiled Soya Lecithin Powder during Q4 of 2021. This hike in prices of soya derived lecithin powder was caused by high cost involved in sowing and growing soyabean crops. As prices of fertilizers are surging worldwide, and soyabean is one of the most fertilizer dependent crops, its prices heard rising as well. Consequently, augmenting the prices of its downstream product, Deoiled Soya Lecithin Powder remained buoyant in the meantime. Furthermore, robust demand for the Deoiled Soya Lecithin Powder from the food industry as it acts as an emulsifier, favour protectant, and instantizing agent have also contributed towards its uptrend.
The prices of Deoiled Soya Lecithin powder were surging in the Asian market during the fourth quarter of the year 2021. In Chinese market the prices were soaring, backed up by decline in soyabean import from the US after witnessing disturbance in market dynamics due to hurricanes. Altogether, China witnessed a significant hike of in the prices of soya derived deoiled lecithin powder during Q4 FY22. In India, the prices of deoiled soya lecithin powder fuelled by 4.38% due to the intensified freight charges and augmented demand because of ongoing winter holidays. The prices of deoiled soya lecithin powder were assessed to be at USD 4092.24/ MT on CFR basis.
In Q4 2021, a noticeable surge in the prices of Deoiled soya lecithin powder was observed in the European market. This upward steep in the prices were caused by lack of soyabean supply which is the feed for deoiled lecithin powder. The upsurging prices were further supported by continuing decline of imports from the US. In addition, amplified demand from the food and nutraceutical sectors were also contributing towards the enhanced price of the product. Moreover, increment in freight charges were another factor giving rise to the prices of Deoiled soya lecithin powder. Conclusively, a significant hike was witnessed by European market in the prices of soya derived Deoiled Lecithin powder.
For the Quarter Ending September 2021
In North America, De-oiled Soya Lecithin Powder prices witnessed a downward trajectory during the third quarter of 2021 after attaining record high values in the last quarter. The supplies of De-oiled Soya Lecithin improved owing to the ample availability of feedstock soyabean in this timeframe that led to the drop in the values of De-oiled Soya Lecithin Powder. The demand from the domestic as well as overseas market remained stable in this quarter. However, the supply chain disruption due to the arrival of Ida hurricane in the gulf coast of USA impacted the pricing trend of global De-oiled Soya lecithin Powder market as USA is the largest exporter of feedstock soyabean globally.
In Q3 2021, De-oiled Soya Lecithin Powder prices showcased an upwards rally in Asia backed by the expensive feedstock imports and sturdy demand from the downstream food and feed additive industry. In India, the De-oiled Soya Lecithin Powder market sentiments appeared to be bullish supported by the tightened supplies and robust demand that kept the pricing trend high in this quarter. Moreover, consistently surging freight charges and the constrained availability of the shipping containers also influenced the prices of the product in India. Additionally, festive season also improved the demand fundamentals for De-oiled Soya Lecithin Powder in the domestic market during this quarter. De-oiled Soya Lecithin Powder Ex-Depot prices rose effectively from USD 4446.06 per MT to USD 5038.29 per Mt from July to September.
In the European market, a significant rise in prices of De-oiled Soya Lecithin Powder was observed in the third quarter due to feedstock Soyabean scarcity supported by lower imports from the US and Asian countries. Additional factors such as surging demand from the downstream food, feed and Nutraceuticals sectors also contributed to the price hike in the quarter. Besides, an exponential surge in the freight cost across Europe-USA and Europe-Asia trade route due to container shortage also contributed to an upward pressure upon De-oiled Soya Lecithin Powder market across the region.