Lallemand announces a price increase to be effective October 1, 2018, or as current contracts expire, across all price zones, of 3.6 cents (US) a liquid pound (6 cents a pound compressed basis) on full tanker trucks of fresh cream yeast, 6 cents per pound on pallet quantities or greater of bag and block fresh compressed yeast and dry yeast prices will increase $0.20 per pound. In Canada, pricing will increase 10.2 cents (CDN) per kilogram on cream yeast (17 cents per kg. compressed equivalent) and 17 cents (CDN) per kg. on bag and block yeast. Dry yeast prices will also increase by $C 0.57per kilogram on an ex works basis.
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, labor 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.