One US broker has advised that they have not been able to get offers of any type of Oil from Brazil. The situation in Florida is also dismal. We expect prices to continue to rise.
Reports indicate that low prices and high labor costs have discouraged farmers from harvesting Anise. As carryover stocks are consumed in the runup to the May/June crop we expect to see prices firm.
December reports of increasing demand and firming prices from one of our suppliers have turned out to be correct. Prices for Eucalyptus Oil and Eucalyptol have increased and availability is limited. It is believed that these firmer prices should drive up availability after the Chinese Lunar New Year.
Prices continue to tumble, matching the falling price of Petroleum. Fierce competition among sellers has also fueled low prices, as market share is seen to be more important than margin.
Prices are firm and samples of questionable quality have become more common. There is no forecast of relief soon.
Prices for both fresh and dried roots used to make Oil have softened. We expect the market to become stable between 5-10% below the levels of 60 days ago.
Reports indicate that by the time the Fall Crop has ended in January output will be far less than expected. One report indicates that production in Guangdong Province will be 50% of normal levels. Prices are expected to firm.
Sellers continue to look for more opportunities to move product, driving prices down. While slackened demand from China is cited as a main reason, the impact of Synthetic Menthol must not be overlooked. Offers from both Chinese and Indian sellers persist despite the dominance of the three large producers. We can only expect Menthol prices to soften. What the lack of demand for Natural Menthol will do to Cornmint Oil prices is a significant cause for concern. Cornmint Oil prices are expected to rise.
We are being advised that prices are stable, but experience suggests that prices will still be sensitive to spurts in demand. A smaller than normal crop will have to last until the new one in August/September.
Reports indicate that many small and medium Gum Resin plants have stopped production in light of the end of tapping season and the upcoming Chinese Lunar New Year. This has lead to a small rise in pricing with the expectation of a larger increase after the holiday is over. Gum Turpentine market is calm amid reports of price increases of $0.008/kilo. Although down-stream producers are counter bidding, reports indicate that Gum producers are staying firm on pricing. We would expect a slight rise in derivative pricing to occur soon.