With immediate effect, or as existing contracts permit, BASF is increasing the selling price of formic acid in Europe by €250 (~$286) per metric tonne.Formic acid is used for acidification and microbial stabilization of feed, silage and drinking water. It helps control undesirable microorganisms and supports improved feed hygiene. Furthermore, it is used in the chemical industry as process agent or intermediate.
BASF has announced a price increase of €250 (~$286) per metric tonne for formic acid in Europe, effective immediately or as contracts allow.
The product is widely used in animal nutrition for feed acidification, silage preservation and drinking water treatment.
It is also applied as a process agent and intermediate in various chemical manufacturing operations.
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