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The first quarter of 2023 saw fluctuation in the North American market for Biotin Prices declines in the first month of the quarter because of ease in port congestion in the US, severely restricting trade activity from importing nations. Due to a variety of factors, such as the US's skyrocketing inflation, the geopolitical crisis in Russia and Ukraine, and the wildly fluctuating nature of oil prices, domestic traders and producers continued to be concerned about the high cost of chemicals used in the food and beverage industry throughout the quarter, including Biotin. Prices decreased in the last month of the quarter as a result of the steady offtakes and the availability of sufficient inventories in the downstream sectors of the US region. Towards the end of the quarter, the prices for Biotin were assessed at around USD 272980/MT for CFR New York in March.

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