St. Louis, MO, March 19, 2008 - Solae today announced price increases on many of its lecithin products effective April 1.
"Petroleum and energy prices, coupled with rising agricultural commodity prices, have created an environment that requires increases in the selling prices of many of our lecithin products," said Jack Self, Solae global business director, Lecithin. "We have delayed these increases for as long as possible, but increases in input costs throughout the supply chain require that we implement these increases effective April 1."
Solae is a world leader in the production and selling of lecithin products, especially upgraded fluids and de-oiled lecithin products. Solae lecithins provide important surface-active properties to a variety of foods, such as instant drink mixes, infant formulas, meat sauces and gravies, dispersible oleoresins, pan releases, chewing gum and no-fat bakery and snack foods.