A major supplier’s factory has recently been closed, reportedly due to pollution. The production freeze due to the G20 Summit, the implementation of pollution controls in China, and Hanjin’s bankruptcy have all contributed to the current shortfall in this ingredient. Prices have escalated and stocks are limited.
Prices continue to firm for both Oil and Terpenes. This situation is expected to carry over into 2017.
Reports continue to state that the supply is tight but new oil is expected to enter the market late November and early December.
The situation here has not changed. Firming prices have been driven by a lack of quality oil, pollution controls, exorbitant prices for fresh, strong demand, and a short crop. Prices continue to firm.
Reports continue to state that the supply of raw material is tight as poor weather conditions and higher productions costs have taken their toll. With new oil not expected to reach market until December, prices are likely to to stay firm until then.
With the Spring Crop less than normal prices continue to rise as supplies dwindle. Oil made by the Traditional Method is demanding a premium.
Prices continue to rise as less and less roots are being processed due to pollution controls. Factories are unable to produce until their boilers are converted. Viewed in light of the reported lack of dried roots, several dealers are reporting that there will be no new oil in the market until after February of 2017.
Prices continue to firm as reports advise that the crop is short due to heavy rains and flooding. We also have evidence that Citral yield is down, adding more pressure to pricing. There will be no relief until the new crop in 2017.
The shortages and firming prices for Amyris Oil continue.
Similarly to Amyris, prices continue to rise as availability is not able to cover demand.
The onset of the rainy season and shifts in currency have caused prices to begin to rise.
Similarly to Clove, the rainy season and currency changes have caused Nutmeg prices to firm.
Disposal of spent cedar dust continues to be a problem. This has contributed to limited availability and firming prices.
Little has changed in the Geranium market as the crop is still short and prices are firm.
Reports from China indicate that inventories of Gum Turpentine are low. Prices have subsequently firmed.