DuPont Nutrition & Health has announced a global price increase for DuPont™ Danisco® GRINDSTED® locust bean gum (LBG), effective Nov. 1, 2015, or when contracts allow. Price adjustments will be set case by case, depending upon various parameters, such as regions, currencies and delivery term.
Locust bean gum is a seed extract from carob. Carob kernels are harvested in the Mediterranean area during the end of the summer. DuPont estimates that kernels volume is 20 percent lower than average this year and inventories are reaching a record low volume. In addition, seed volume is following the same trend and, as a result, prices are moving up very rapidly.
“The price increase is needed to maintain business fundamentals and continue servicing our customers with high quality LBG,” said Jean-Baptiste Dufeu, DuPont Nutrition & Health seed extract business manager.
All DuPont hydrocolloid facilities are BRC-certified. The business continues to strive for the highest food safety standards and strong focus on productivity and cost reduction programs to enable the most competitive solutions to the global food industry.
DuPont Nutrition & Health is a leading provider of hydrocolloids, offering the widest range of highly functional products under the GRINDSTED® trademark, including alginate, carrageenan, cellulose gum (CMC), guar gum, locust bean gum, microcrystalline cellulose (MCC), pectin and xanthan gum, as well as a range of customized solutions for hydrocolloids, emulsifiers and enzymes, among others, to the global food industry.
DuPont Nutrition & Health combines in-depth knowledge of food and nutrition with current research and expert science to deliver unmatched value to the food, beverage and dietary supplement industries. We are innovative solvers, drawing on deep consumer insights and a broad product portfolio to help our customers turn challenges into high-value business opportunities. More information is available at www.food.dupont.com
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com