DuPont announces price rise for locust bean gum

By Niamh Michail

- Last updated on GMT

DuPont announces price rise for locust bean gum

Related tags Locust bean gum Dupont

DuPont has announced it will raise the price of locust bean gum following a poor carob harvest in the Mediterranean basin this year and critically low stocks. 

The price rise will be effective from the 1 November 2015, or as soon as contracts permit, and will be determined on a case by case basis, it says, dependent on the region, currency and delivery term.

Locust bean gum is a hydrocolloid extracted from the seeds of carobs. The company said that carob kernel volumes are 20% lower than average this year and stocks are reaching record low volumes. Seed volumes are following the same pattern.

Seed extract business manager, Jean-Baptiste Dufeu, said: “The price increase is needed to maintain business fundamentals and continue servicing our customers with high quality locust bean gum.”

"The business continues to [have] a strong focus on productivity and cost reduction programs to enable the most competitive solutions to the global food industry," ​a statement from the company said.

A DuPont spokesperson could not specify what the maximum price rise would be. The company also produces hydrocolloids from  alginate, carrageenan, cellulose gum, guar gum, pectin and xanthan gum.

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