MSG Price is Soaring

According to estimates, the volume of the fresh-enhancing condiment market in mainland China exceeds 30 billion yuan, accounting for nearly 25% of the total capacity of the condiment industry. Among them, the direct market volume of traditional fresh-enhancing condiments represented by monosodium glutamate accounts for more than 70%. It can be said that MSG(monosodium glutamate) is still one of the most important varieties in the market of fresh-enhancing condiments in mainland China. With the acceleration of China's economic development and urbanization, the MSG(monosodium glutamate) industry with higher industrial concentration, more orderly competition, and relatively balanced production and sales will usher in new development opportunities amid steady growth.

The price of raw materials of MSG(monosodium glutamate) continues to rise, coupled with the impact of the exchange rate, the price of MSG(monosodium glutamate) has been rising since the end of October, and the upward trend is rapid. It is expected that the price will not have a downward trend before. Sea freight is also soaring, it is recommended that valued customers please purchase as soon as possible if they have the latest purchase requirements!