25 July 2013 00:01 [Source: ICIS news]
LONDON (ICIS)--The price spread between kosher genetically modified (GMO) and kosher non-GMO crude glycerine is extremely wide because of low kosher non-GMO crude supply, according to a market source on Wednesday.
Spot crude glycerine values are assessed at €350-450/tonne ($461-592/tonne) FD (free delivered) NWE (northwest Europe), according to ICIS data.
Kosher GMO crude glycerine is trading at the low end of the range, while kosher non-GMO crude glycerine trades at the high end.
“Kosher non-GMO material is really tight, with every tonne selling very fast at high levels. However, activity is quiet for kosher GMO product,” the source said.
($1 = €0.76)
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