The USDA has reported that this year’s Florida crop is the smallest since the early 1960s. This along with limited offers coming out of Brazil have caused prices to continue to firm.
Crude Eucalyptus stocks are limited as snow and cold weather have hampered the collection of leaves during the normal period at the end of 2016. Prices continue to climb and we are aware of orders being defaulted. With continued reports of damaged trees, even though the next collections begin in May, we do not foresee any relief soon.
Chinese dealers continue to report that here is very little production of new oil. Speculation on bulbs and environmental controls are keeping prices high. With new oil not reportedly available until July, there are concerns that pricing will not soften even then. The spice markets also share these opinions.
We have reports that continue to state that while the autumn crop was small, demand has been stable keeping prices firm. With the Spring crop starting in April oil should begin to reach the market by late May or early June when it is hoped there will be some relief.
With carryover dwindling, market prices have increased slightly. Strong demand before Chinese New Year helped this upward trend but reports state that demand is now stable.
Reports continue to advise that there is a lack of dried roots available for distillation. Pricing has increased and should remain firm for the foreseeable future.
Pricing continues to rise as availability of oil is an issue. New oil should reach the market in May but it is too soon to have any reliable information on crop size and yield.
With the new crop not until August and September and the small 2016 crop pricing has firmed. Several dealers have stated that they expect prices to continue to firm until September.
There does not seem to be any offers of oil from Indonesia and oil production has just started in Haiti. Haitian oil pricing is firm as demand seems to be greater than supply.
Prices are still firm as weather is still hampering collection of leaves.
With prices of Gum Turpentine continuing to firm, we have reports indicating that downstream producers are only buying what they need to fulfill firm orders. Producers of Gum Rosin and Gum Turpentine are keeping their offers firm due to the shortfall in crude gum produced.
We have received mixed reports on the harvest in India which will continue until March. Some state that availability is steady while others indicate that the crop is not as plentiful as originally stated. Pricing has increased slightly.
The Indian crop season is over and reports continue to advise that there was serious damage. Prices for oil continue to rise and will continue to do so as stocks diminish.
Harvesting is ongoing and offers are tentatively being made.
With reports that there is no carryover in the hands of factories prices continue to firm. There is a limited arrival of oil in the market in April so prices are expected to continue to firm.
The Indian government has recently removed the cash limitations for businesses though this does not readily translate into cash transactions at the farm level. A further impediment in one of the growing regions is police restrictions on cash as elections are due at the end of February. Prices have firmed and are expected to stay firm until the new crop in June.
There are suggestions that a major producer has not yet reopened causing prices to rise as stocks tighten. There are also suggestions that feedstock has become an issue. Prices have firmed.
There are reports that a major Catechol producer has closed. This has caused prices to firm.