Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

Headlines > Business

News in brief

Rousselot reveals gelatine price increase

Rousselot are set to increase the prices of hide gelatine until the end of 2014.
Rousselot are set to increase the prices of hide gelatine until the end of 2014.

Leading gelatine supplier Rousselot has announced a price increase of its hide gelatin portfolio on the back of 'severe drought' in Brazil and upward pricing pressure in the South American market.

The price increase, effective from July 1st 2014 until the end of the year, comes after droughts since the beginning of the year in the south, southeast and midwest regions of Brazil - lading to 'seriously reduced' cattle slaughter levels in the Brazilian market.

"Moreover, raw material availability for bovine gelatine production in South America has reduced substantially due to very strong demand from the global leather industries, an alternative end-markets for the same raw material," said Rousselot in a statement. "Together, this has created upward pressure on raw material pricing."

The firm said that the development may also affect the duration of gelatine pricing agreements in sales contracts.

"Specific adjusted price levels will be communicated via the local Rousselot sales representatives," it said - noting that individual price increases may vary due to local market situations and will also depend on the validity period of the latest agreed price.

"It should be noted that Rousselot has taken steps to secure appropriate supply for customers´ volume commitments and will keep on focusing on supporting customer growth," the gelatine specialist said.

Subscribe to our FREE newsletter

Get FREE access to authoritative breaking news, videos, podcasts, webinars and white papers. SUBSCRIBE

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.