Most of our key raw materials are experiencing supply issues with force majeure being declared on several in recent months. This has forced us to purchase on the spot market at higher rates than our contracts allow to ensure continuous supply of our products into the market.
This factor, as well as the addition costs of maintaining significantly increased stock levels to mitigate any supply risks associated with BREXIT, have forced us to a situation where we must increase prices.
As of 1st September 2019 we will be increasing prices where contracts allow by 5 – 10% depending on product type.
As ever, we are constantly monitoring the prices of our raw materials and will quickly react to changes both up and down.
We thank you for your continued understanding during this challenging time.
Please contact your SNF Account Manager if you have any questions. You can access official notification here.