With Privi out for some time, more pressure will be put on Chinese suppliers for derivatives. Weekly, for several months, prices of Gum Turpentine continued to rise. Derivative prices have escalated with Ionones, Dihydro Myrcenol and all Terpineols several times pricing of just 8-10 months ago.
With rain diminishing crop size prices continue to firm.
Prices firm as demand exceeds available oil.
We are beginning the “Dry” season now in Indonesia. However, poor weather had limited harvesting. High demand has kept prices high for Clove Leaf Oils, Eugenol and Derivatives.
Brazilians estimate their crop will be some 300 million boxes, down from last year’s crop of 364 million. The USDA maintains Florida’s crop will be only 45 million boxes. Demand for Terpenes is reportedly off, so prices are beginning to ease.
Reports indicate that demand has eased and there has been a small short term easing of prices. With limited amount of oil due to arrive in August it is believed prices will be firm. One report states that the amount of new trees being planted is not sufficient to replace those that have been damaged. In the future products will continue to be tight. This report indicates prices will not return any time soon to “customary” levels.
No change here. Prices firm and available quantities being consumed.
It is the season now and reports are not promising. While the crop size is larger than last year’s, quality of oil is poor. Geraniol content is down to 3-4% when it is typically 6-8%. Carryover is small and nearly double the cost of new oil.
It has been reported that with early news from India indicating a good crop Eastern European farmers had reduced acreage planted by as much as 30%. Therefore expectations are that seed prices will rise meaning oil prices will also.
Reports from China indicate processing is done. Total amount of Anise Oil produced substantially lower than last year. This reduced output along with higher labor costs are keeping prices firm. As supplies dwindle prices are expected to continue to rise. New oil will not be available until November/December 2018
Processing has begun with new oil reportedly available in June. Current pricing on carryover is reportedly “low” but increased environmental and labor costs are expected to have a negative impact on pricing.
Demand for Citronella is high with new oil to be available from July onwards. Pricing should be firm until then.
We have a report estimating this year’s production to be close to 800 tons, more than double of last year’s. Good weather conditions in the growing regions and enough electricity to provide irrigation cited as reasons for increased acreage.
We have a report indicating production in 2018 will be 60,000 MT. High prices of 2017, delayed payments and lower prices on food crops due to increased volumes, encouraged farmers to plant more acreage. Future weather forecasts are good so expectations of a larger crop are well founded. Would expect prices to reflect this.