date:May 20, 2014
Effective July 1, CP Kelco will adjust price for GENU Pectin products of up to 10%, due to the cost escalation of citrus peel, a key raw material used in the production of pectin. Despite numerous and continuous productivity programs, the company is unable to absorb the cost inflation resulting from availability tightness of peel.
The harvest of citrus crops has been reduced by poor weather and other agricultural conditions in the major growing areas of Argentina and Mexico. The lowered project