Pectin Pricing Trend and Forecast
The Pectin Pricing in the North American region plummeted at the end of the fourth quarter of 2022. As with the start of the winter month, i.e., October, the prices witnessed were on the upper side owing to an increase in end-user demand. Inflation during October thus decreased substantially compared to September, even though it remained well above the upper boundary, which affected Pectin's market sentiments. Following mid-q4 supply, chain disruption started to subside along with shipping charges, which didn't support the price trend for Pectin in the United States as the inquiries remained low, keeping its prices on the lower end. Towards the end of the year 2022, the prices declined significantly with stockpiled inventories among the market participants and were recorded at USD 12560/MT CFR Los Angeles in North America.
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