Vitamin B12 prices in China to remain stout by the end of Q1 2022
Ever since the Russian troops stormed Ukraine in the early hours of Feb 24th, China’s fast-moving markets are being consistently hit by energy haves and have-nots, havens, and non-havens. An all-encompassing effect has been witnessed across the world due to the surging Crude oil and gas prices , including the nations that are exporting oil and coal and nations that rely heavily on the energy imports. Amidst the current beleaguered economy, China is attracting more and more investors seeking safety. As the country was already on the road to recovery after the unprecedented outbreak of the Omicron variant that overtook Delta in late November, shutdown of markets due to the Spring Festival holidays & Winter Olympics left the demand & supply sentiments in a frenzy. The 2022 Beijing Winter Olympics that started on February 4th has put China’s strategy to a new test. In the sudden wake of the Covid-19, the demand for several vitamins increased significantly in China as a holistic app...