Some reports state that this year’s crop will be 10% larger than that of last years. Even if this is the case though, it would be considered 20% smaller than “normal.” Preliminary results indicate a yield of 5.3-5.5kg per ton of fruit, up from last year’s yield of 4.5kg/ton. Prices should be stable.
Production was reduced in November. Prices have firmed and are expected to increase further.
Harvesting should begin by the end of the month. Hopefully, Davanone content will return to normal and prices will ease.
Again , a lack of rain severely impacted the Indian crop. With raw material availability limited, prices continue to firm.
Spice Markets report that unfavorable weather conditions and the Indian government’s new currency policies have made transactions difficult. We expect to see prices begin to reflect this situation soon.
The pricing of Gum Rosin in China continues to firm as production in southern China is off. Chinese Turpentine prices though, have softened. Reports state that the last of the Pine Oleoresin has arrived in the spot market so small and medium Gum Resin plants have sold Turpentine for cash. This cash is meant to purchase Oleoresin to produce Rosin.
The same reports state that the average export price in October was $2430/ton as opposed to $1910/ton in September. Likewise, the export of Pinenes from China in October increased by 5.66% over September. Borneol prices rose in October by 7.9% over September but are down by 30% from the same time last year. Camphor USP prices have also risen and are expected to continue to rise in early 2017. Iso Bornyl Acetate has also experienced a price increase.
The rainy season has hampered collection of leaves. Prices are up.
We have reports indicating that production will start in January. Despite this, prices are not expected to soften as strong demand and increased fuel prices will likely continue to drive up prices.
We have reports that continue to advise that Anise Oil is tight, as farmers are reluctant to distill until prices rise. With new crop oil limited and reports indicating increased demand, prices will continue to firm.
Chinese dealers continue to advise that there has been little production of new oil this past year. Prices for bulbs are firm as speculators continue to purchase and store in the hope of driving prices higher. No relief is expected until the new crop hopefully in June and July.
Reports continue to state that farmers were unable to collect and process leaves to make oil. With a revised tax policy in place, prices have firmed and there doesn’t appear to be any relief until June/July 2017.
Prices continue to firm.
The situation has not changed. Cassia Oil is limited and prices have firmed.
Despite the beginning of the harvest, prices for oil continue to firm. Demand for Fresh is strong and the spice markets are reporting that India’s crop will be smaller than normal. With pollution issues still being resolved, we do not see any relief soon.
We have reports stating that a balance of supply and demand is keeping prices stable. Any unexpected demand will upset this balance, forcing prices up.
The crop is over and no new production is expected until the next crop in May/June 2017.