CP Kelco announces global price increase

CP Kelco will raise prices by up to 10% across all product lines, effective December 18, 2010, or as contracts allow.

Major product lines impacted include pectin, xanthan gum, gellan gum and carrageenan.

Additionally, carboxymethyl cellulose (CMC) prices will have significant increases for grades manufactured from cotton and other high viscosity cellulose raw materials.

"Critical raw materials have been adversely impacted by global weather conditions, higher demand and a global shortage of supply," says Dave Brotheridge, VP and CFO.