Prumix Daily Dated on 2024-12-25

Food Additives: 

The price of potassium sorbate, a preservative product, remains stable, and all manufacturers deliver goods normally. The transaction price in the foreign market is about USD2.3-2.4/KG. The price of potassium sorbate will stabilize in the short term in the future. According to BASF's global official website on December 23, 2024, in order to optimize its strategic portfolio and better focus on its core business in nutrition and health, BASF has signed a binding agreement to sell its food and health functional ingredients business, including its production base in Illertissen, Germany, to Louis Dreyfus. However, BASF will still be committed to using its core product platform to expand its business in key areas such as vitamins, carotenoids and feed enzymes.