Why MSG Price Keep Increasing
Corn accounts for 35%-40% of the cost of MSG production, corn prices will rise by about 8%, manufacturers' raw material inventory is low, and procurement demand is strong. The environmental protection is tight, the factory operating rate is insufficient, and the supply is tight. All factors result in price rising.And Experts predict that the rising trend will improve only after the harvest of corn in autumn of 2018.
All foreign traders and agents rush to stock up goods taking advantage of this wonderful opportunity so that they can sell at much higher price in local market to earn more profits.