BASF Increases Prices for Nature-Identical Carotenoids for Human and Animal Nutrition, Excluding Astaxanthin

BASF globally increases prices for all nature-identical carotinoid formulations containing canthaxanthin, citranaxanthin, C30-ester and beta-carotene by approximately 12%, effective immediately or as existing commitments allow. End Quote

(1888PressRelease) April 04, 2011 - The products affected are all grades for human and animal nutrition including Lucarotin®, Beta-Carotene, Lucantin® Red, Lucantin® Yellow and Lucantin® CX Forte. All existing contractual obligations will be honored. Lucantin® Pink (astaxanthin) is not affected.

This increase is necessary to compensate for negative impacts resulting from a combination of increased energy and raw material prices, higher logistics costs and negative exchange rate effects.

Canthaxanthin, citranaxanthin, C30-ester and beta-carotene are carotenoids found naturally in vegetables, fish and crustaceans. BASF is a leading producer of nature-identical carotenoids. Carotenoids are used in coloring and fortification of beverages and foods as well as in dietary supplements. In animal nutrition, carotenoids are used as feed additives to intensify the pigmentation of egg yolk and fish and to enhance animal fertility, among other things.

About BASF

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of about €63.9 billion in 2010 and had approximately 109,000employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com or in its Social Media Newsroom at newsroom.basf.com.

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