Reports state that Gum Rosin prices continue to trend upwards as availability of crude is limited. Pricing of Turpentine has softened slightly as several large Gum Rosin plants have sold in order to raise cash to procure more rosin. We have not yet seen an impact on Derivative pricing. Levels have stayed stable against pricing in October.
Low petroleum prices, currency changes, and overproduction have caused prices for both items to soften.
While the 2016 crop in China was small, Indonesia kept prices stable. With strong demand reported, prices for Citronella Oil have started to firm.
With more and more acreage dedicated to grapes, prices have increased every month since July. We do not foresee this trend ending anytime soon.
China has begun to produce this material again and prices have stabilized. Shipments should arrive in late December and become available in January.
Availability has been limited as the crop was down. Prices have firmed.
There has been no change in Amyris’s situation. The supply is tight.
Prices for Wintergreen were high at the beginning of 2016. Those dropped following the start of croptime in May. Since then the lower prices have stopped farmers from processing and heavy rains in the growing regions reduced total production. As a result prices have increased.
Due to shifts in currency, prices for these items softened slightly. However, reports estimate that total production in 2016 was only 60% of 2015’s totals. We expect that as supplies dwindle prices will continue to firm.
The situation with Ginger remains the same. The conversion of boilers is still ongoing and going slowly. Stocks of oil are limited and less was produced in early November than was hoped for. Prices are firming.
Prices are still firm as availability of twigs, bark, and leaves is limited. As a result pricing for Natural Benzaldehyde is also firming.
Reports of a small crop and of farmers’ reluctance to process because of low prices have seen prices for oil firm. This trend may continue until Chinese New Year in January.
Prices for this product continue to climb and quality remains an issue. Reports indicate that prices for fresh Garlic bulbs have risen as speculation continues to have its impact. The market is currently very short on oil.
Reports that inclement weather has impeded production are again being circulated. Heavy rains and cold weather in the growing regions have caused prices to firm after a short interval of softening. Currency fluctuations may ease some of these price increases.
There seems to be no high that cannot be surpassed for these products. Prices continue to climb as there does not appear to be any relief soon.