Lallemand announces yeast price increases
Lallemand has announced a price increase, effective October 1, 2018, or as current contracts expire across all price zones.
In Canada, pricing will increase 10.2 cents (CDN) per kilogram on cream yeast (17 cents per kilogram compressed equivalent) and 17 cents (CDN) per kilogram on bag and block yeast.
Dry yeast prices will also increase by 57 cents CDN per kilogram on an ex works basis.
Lallemand said in a release that “significant increases in inbound and outbound freight costs-and even the availability of carriers as well as increases in the cost of substrates due to the drought in Europe negatively affecting the sugar beet crop, as well as vitamins, packaging, labour costs and other ingredients make it necessary to implement this price change.”
The pricing will be in effect until further notice as there are emerging inflationary cost increases in many areas.