Soy Lecithin Prices Remain at Record Highs in Turkey in W9

Non-GMO soy lecithin, which was usually priced around USD 2,000-2,500/MT CIF Mersin before the Russian war with Ukraine started, skyrocketed to USD 5,000/MT after the start of the war. The prices remain stable at this level, and the price gap in the market starts to increase as time passes. In W9, Turkish buyers note that they are quoted as low as USD 4,500/MT CIF Mersin and as high as USD 7,000/MT CIF Mersin for Indian-origin non-GMO soy lecithin.