DuPont adjusts price of locust bean gum

DuPont Nutrition & Health (DuPont) announces a global price increase for its GRINDSTED^® brand locust bean gum (LBG), part of the DuPont™ Danisco^® portfolio, effective Nov. 1, 2017, or when contracts allow.

LBG is a seed extract from carob. Carob kernels are harvested in the Mediterranean area during the end of summer. Volume harvested this year is limited and availability of this necessary raw material has resulted in significant increases in the overall cost for DuPont to produce LBG. As a result, DuPont will implement a price increase for LBG, up to 30%. In addition, DuPont is limiting the term of LBG price validity to maintain flexibility in response to market conditions.

“DuPont is increasing its LBG price to respond to dynamic market conditions. This price increase will enable DuPont to continue servicing our customers with high-quality LBG. It also will enable a continued focus on quality, safety and productivity to offer the most competitive solutions to the global food industry,” said Jean-Baptiste Dufeu, DuPont Nutrition & Health, LBG business manager. 

 Locust bean gum (LBG) is a seed extract from the carob (in photo)