News in brief

Pollution control and market demand prompts China price rise of CoQ10

The increasing cost of pollution control in China is one of the reasons behind the decision by Shenzhou Biology and Technology to increase the price of its CoenzymeQ10 by 10%, starting next month.

Shenzhou Bio is yet to make a profit on CoQ10, which although witnessing growing demand, has yet to make any money for the company, according to Wang Qingiun, its general manager.

CoQ10 is an oil-soluble, vitamin-like substance present in most eukaryotic cells, primarily in the mitochondria, with greatest concentrations in the heart, liver and kidney. The estimated daily intake in the developed world of the molecule has been determined at 3-6mg per day, derived primarily from meat. Aside from supplements like Shenzhou Bio’s product, levels over 50mg/kg can be found in beef, pork, chicken heart and chicken liver.

"We have seen a decisive upward trend in the price of CoQ10 over the past two years,” Wang said. “Our selling price over the last few years has been less than our costs and Shenzhou Bio is not making profit but losing money

Although Shenzhou Bio regrets any increase in price to its customers, mounting stressors on margin and supply have necessitated that we follow the market up.”

Wang added that the product would disappear from the company’s inventory if Shenzhou Bio could not make it profitable.

Related News

US supplements economy loses $8bn due to Great Wall of Regulations

US supplements economy loses $8bn due to Great Wall of Regulations

It is often so smoggy in Chongqing that it is hard to see the buildings across the Jialing river clearly

Smog blamed on smoking bacon, city bans practice ahead of new year

“We find that ubiqinone (UQ) does not act as antioxidant in vivo," said the researchers

CoQ10 benefits questioned: Mouse study

Largest CoQ10 supplier achieves USP Verified certification

Largest CoQ10 supplier achieves USP Verified certification

Kaneka loses CoQ10 infringement case; ordered to pay €80,000

Kaneka loses CoQ10 infringement case; ordered to pay €80,000

Image © iStockPhoto KUO CHUN HUNG

CoQ10 patent infringement hatchet far from buried, association president says

Photo: iStock

China first soil pollution law due in 2017

Kaneka steps up efforts to protect its CoQ10 with new logo

Kaneka reworks Ubiquinol CoQ10 amid counterfeit concerns

Submit a comment

Your comment has been saved

Post a comment

Please note that any information that you supply is protected by our Privacy and Cookie Policy. Access to all documents and request for further information are available to all users at no costs, In order to provide you with this free service, William Reed Business Media SAS does share your information with companies that have content on this site. When you access a document or request further information from this site, your information maybe shared with the owners of that document or information.