Firming trends for Gum Rosin and Gum Turpentine continue. New harvesting has ceased due to cold weather. Derivative prices like Iso Bornyl Acetate, Dihydro Myrcenol, and Camphor USP among others have all increased.
Reports continue to advise that steady rainfall in Indonesia is hampering the collection of leaves. With supplies of Crude Clove Oil reportedly limited prices continue to firm. Eugenol, Iso Eugenol, Caryophyllene, Methyl Eugenol, Methyl Iso Eugenol, Vanillin ex Eugenol, and Propenyl Guaethol have all firmed. With the rainy season lasting through March & April we do not expect prices to ease soon.
New production has just begun in Haiti though availability is limited and prices continue to firm. Indonesian Vetiver is extremely limited and pricing today is higher than that from Haiti.
Indications are that supplies of last year’s Litsea Cubeba crop are diminishing. While prices are currently stable they are expected to firm soon. Natural Citral prices have begun to increase.
With production still limited, prices continue to firm. As long as demand for fresh remains strong relief is not expected soon.
With total production in 2016 less than that of 2015, prices have firmed. As stocks deplete prices are expected to rise.
Several reports indicate that the autumn crop was small as depressed pricing kept farmers from processing. Prices continue to firm.
Prices have reached historic levels and the availability of quality oil is still an issue.
Continued reports of shortages in the growing region have led to higher prices for every subsequent inquiry.
The USDA estimates that total production for their season’s crop is 72 million boxes, almost 10 million less than last year’s total. The continued loss of trees due to greening as well as the advanced age of healthy trees have contributed to the shortfall. Estimates out of Brazil are 210 million boxes, down from a normal harvest of 300 million. Prices continue to rise and there does not appear to be any relief this year.
Now that the traditional holiday season lull is over, prices are firming as demand is increasing.
The Spice Market Journals indicate that there are issues with crops in Indonesia and India. The Indian crop has started though, and carryover oil has helped to stabilize pricing.
Prices have escalated on reports that the Indian crop has suffered serious damage. Guatemalan Oil is competitively priced.
Harvesting has just begun in India and the new crop should be available in March. It is hoped that the current crop will bring Davanone levels back to normal. Pricing indications are slightly lower than those of last year.
Chinese production in 2016 was approximately two thirds of that of 2015. This was due to a combination of low prices discouraging farmers from distilling, environmental protection policies, and bad weather. With Indonesia acting as an alternative to China in 2016, supply was stable. Now with steady rains, their supply has become limited. As a result, prices have increased.
With the new fiscal policies enacted in India in November, the traditional cash transactions between farmers and collectors have diminished significantly. Less oil was collected and prices have increased at the farm level. To meet demand, exporters turned to the MCX for Cornmint, which also pushed up prices. A report states that current stock at the MCX is 8600 drums, down from 12500 on November 1st. Higher oil prices have led to higher Menthol prices, putting more pressure on Natural Menthol against Synthetic. Higher prices for Cornmint will encourage more acreage to be planted if root stock is available. One report we have questions that availability.
The 2016 Egyptian Crop was off for the second year in a row. Prices have climbed.