Lallemand announced that yeast prices will be increased as of Oct. 1, 2018, or as current contracts expire across all price zones.
In Canada, pricing will increase by 10.2 cents per kilogram on cream yeast, and 17 cents per kilogram on bag and block yeast. Dry yeast prices will also increase by 57 cents per kilogram on an ex works basis.
For the United States, fresh cream yeast will increase by 3.6 cents U.S., and 6 cents per pound on pallet quantities or greater for bag and block fresh compressed yeast. Dry yeast prices will increase to 20 cents per pound.
The rising price is attributed to the significant increase in freight and carrier costs, as well as inflation in the cost of substrates due to the drought in Europe negatively affecting the sugar beet crop. These factors cascaded to cause a rise in the cost of labour, and the ingredients necessary to implement this price change.
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