CP Kelco Announces GENU® Pectin Price Adjustment

ATLANTA, Georgia, USA, May 19 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 projections for current year and future harvests have led to significant citrus fruit and peel price inflation. CP Kelco plans to accelerate its investment in expanding the raw material supply in other growing regions and is committed to advancing process technology that will improve the sustainable supply of GENU® Pectin.

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