Herbridge, 29 July 2011_The new harvest is coming in August. Industry players said, the unfavored climates may result into reduced production and fluctuated prices in China. Many manufacturers without marigold supply assurance are waiting and watching the market in China.
It is indicated that marigold might see output reduction this year. For example, Chenguang Biotech Group owned marigold-growing base covering 6000 mu. The overall decreased production is equal to 500 mu of marigold. Chenguang Biotech Group accounts for 50 percents of domestic market. The company primarily supplies lutein to Want Want China Holdings Limited, Uni-President, Tingyi and among others.
20% lutein (HPLC) is quoted around 1050-1200RMB/kg in China. Several manufacturers reduced products' prices to attract more customers before the harvest. The prices may fluctuate after the harvest. Having Considered many factors such as raw material supply, production cost, market demand and risks, most manufacturers decided not to supply 50% lutein in China. China may produce around 8000 kg of lutein crystal. Marigold cultivation began to operate in Mexico, Peru and Viet Nam in 2011, which may significantly affect the lutein industry in China.
Many manufacturers focus on lutein's function in China. For example, Nongfu Spring began to develop functional beverage related to lutein and grape seed extract. According to herbridge.com, lutein may expand domestic market in the future.
Copyright: www.herbridge.com
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