For the Quarter Ending September 2025
APAC
• In China, the Yeast Extract Price Index declined in Q3 2025, driven by deflationary pressures and softened sugar feedstock costs.
• Yeast Extract production costs were mixed; sugar feedstock softened in Q3 2025, while industrial electricity prices rose slightly.
• Demand was supported by 3.0% retail sales growth and 6.5% industrial production expansion in September 2025.
• Pricing faced downward pressure from a 0.3% CPI decline and 2.3% PPI decline in September 2025.
• China's sugar stocks accumulated in Q3 2025 from increased imports; molasses exports rose August to September.
• China's natural gas demand remained flat in Q1-Q3 2025; LNG imports declined substantially in Q3.
• Food and Beverage sector expanded steadily in 2025; Manufacturing Index contracted July-August, then expanded September.
• Consumer confidence at 89.6 in September 2025 indicated pessimism, suggesting cautious spending despite 5.2% unemployment.
• Yeast Extract price forecast indicates continued pressure from deflationary trends, balanced by resilient demand.
Why did the price of Yeast Extract change in September 2025 in APAC?
• CPI declined 0.3% and PPI fell 2.3% in September 2025, indicating deflationary pressures.
• Sugar feedstock costs softened throughout Q3 2025, reducing a key Yeast Extract input cost.
• Consumer confidence at 89.6 in September 2025 indicated pessimism, impacting demand.
Europe
• In Germany, the Yeast Extract Price Index rose quarter-over-quarter in Q3 2025, influenced by rising producer costs.
• Yeast Extract production costs faced upward pressure from a 4.1% rise in producer food prices in August 2025.
• European natural gas prices declined year-on-year in Q3 2025, moderating some energy expenditures for manufacturers.
• Yeast Extract demand outlook weakened due to stagnating economic activity and declining private consumption in Q3 2025.
• German food retail sales rebounded slightly by 0.2% in September 2025 after earlier declines in July 2025.
• Overall consumer prices increased by 2.4% in September 2025, with food prices rising 2.1%, heightening consumer sensitivity.
• Rising demand for plant-based products in 2025 provided a supportive signal for Yeast Extract market growth.
• German industrial production fluctuated in Q3 2025, increasing in July, falling in August, then rebounding in September.
Why did the price of Yeast Extract change in September 2025 in Europe?
• Producer prices for food in Germany increased by 4.1% in August 2025, raising manufacturing input costs.
• European natural gas prices declined year-on-year in Q3 2025, moderating some energy-related production expenses.
• Consumer price sensitivity remained heightened in 2025, influencing demand for end-products containing Yeast Extract.
North America
• In United States, the Yeast Extract Price Index rose quarter-over-quarter in Q3 2025, driven by rising producer input costs and robust consumer spending.
• Yeast Extract production costs increased, as the Producer Price Index rose 2.6 percent year-over-year in August 2025.
• Demand for Yeast Extract saw an upward trend, supported by a 5.42 percent year-over-year increase in retail sales in September 2025.
• Consumer confidence declined to 94.2 in September 2025, alongside a 4.3 percent unemployment rate, impacting discretionary spending.
• Sugar feedstock costs experienced varied trends in Q3 2025, with reduced U.S. sugar ending stocks for 2025/26.
• Industrial natural gas prices trended downward in August 2025, while electricity prices showed mixed regional trends in September 2025.
• Persistent inflation (CPI up 3.0% in September 2025) and reduced sugar imports from Mexico impacted costs and demand.
• Industrial production growth was minimal at 0.1 percent year-over-year in September 2025, limiting Yeast Extract demand in industrial uses.
Why did the price of Yeast Extract change in September 2025 in North America?
• Producer input costs for Yeast Extract increased, with PPI rising 2.6% year-over-year in August 2025.
• Robust consumer spending, with retail sales up 5.42% in September 2025, boosted demand.
• Reduced U.S. sugar ending stocks and lower Mexican imports tightened feedstock supply.
