Soaring Raw Material Prices to Keep Calcium Citrate Values Firm in the Indian Market
Indian Pharma industry has been enduring tremendous hike in raw material cost since prolong time. Major downstream users were heard urging government to examine this steep price escalation for several commodities. Calcium Citrate is one of the products that has encountered such steep rise in Raw material Citric Acid cost, compelling them to revise their offers to sustain margins. Coal shortage and energy related policies across China has impacted the production activities of several facilities, inducing shortage of several commodities including feedstock Citric Acid in Asia. Furthermore, “along with shortage of material, freight congestion was another factor behind the consistent rise in prices of raw material imported from China”, stated a market respondent. Indian MSME sectors was highly affected by these price hikes, as Calcium Citrate is a common raw material consumed by pharma as well as other sectors too. Festive season, especially Diwali usually increase the demand for raw mate...