Lime Oil Distilled Peru

After peaking in 2024, prices have eased and appear stable.  Peru is entering a three-month low season, with reduced output but good prospects for November–December. 

The next Peruvian crop season is scheduled to begin in November or December of 2024. This crop is currently looking stable, and prices are expected to ease in comparison to last year, though its stability depends on whether Mexico experiences any difficulties that would affect its lime supply.

The market for lime oil remains challenging.

Peru produces approximately 400,000 MT of limes each year, with around 50% of this production allocated for use within its domestic market. The current crop season is expended to conclude over the next few weeks, with the next season scheduled to begin sometime in early December. It is currently too early to determine the productivity of the December season, though weather plays a key role in the success or failure of Peruvian lime harvests. With demand for Lime Oil increasing around the world, Peru is facing increasing pressure to ramp up its lime production. This pressure is further amplified by the recent lime season in Mexico, which allocates the vast majority of its lime production to the fresh market, leaving very little material for processing.