Prices continue to climb as demand is outstripping availability. With a smaller harvest traditionally occurring in May through July, we do not foresee any price relief soon.
Qualities limited, prices firm. No new oil until September.
The Spice market is reporting that this year’s crop will be large. Prices for oil are expected to ease, however, with tightening environmental restrictions there are reports that oil production will continue to decrease.
With both Morocco and Tunisia reportedly sold out, prices continue to firm. With new crop not available until late summer prices should stay firm until then.
Traditionally, prices firm after Chinese New Year and this year will not be an exception. Stocks are extremely limited.
We are beginning to see offers of Litsea Cubeba lots that are low in Citral with aggressive prices. Several suppliers have stated that the next prices will be even higher. With new crop oil not available until early September, prices will continue to climb.
Prices continue to rise as supply cannot cover current demand. The prolonged rains that occurred in November hampered collection as well as reducing oil content in leaves. Many suppliers are unable to offer while others who can, offer with prices good for that day only. This situation is not expected to ease until August or September.
As mentioned above, prolonged heavy rains kept output down. One report indicates total produced in 2017 was only 40% of 2016’s total and only 25% of 2015’s. Besides the rains, low prices have discouraged farmers. With the extraordinary demand arising this year, one would expect that there will be an overabundance in 2019, starting the cycle again.
Prices continue to climb and since new crop is not available until the autumn there are indications that supply will be exhausted long before then.
Due to several years of relatively low prices, farmers were reluctant to distill this year. With the current shortage of synthetic Hydroxycitronellal and Citronellal, and heavy rains keeping production of Citronella oil extremely low, Citriodora demand has far outstripped current supply. Reports indicate prices will continue to climb until new crop oil becomes available late autumn.
Traditionally new crude oil reaches the market in December, though by this time of the year crude oil is only trickling in and not at the volumes that would satisfy demand. Prices continue to be firm on the all-time high level and many users who are in need are buying.
Prices continue to climb as demand has stayed constant. With inventory in the hands of speculators we do not foresee any relief until September 2018.
Prices continue to rise as supply cannot cover demand. One major supplier has no stock to offer at present. Reports still indicate no relief until May – July 2018.
Offers from unexpected sources have appeared with lower prices than those offered by traditional sources. These prices make quality questionable so precaution is needed.
Pricing still firm as inventories dwindle. Difficulty in finding offers greater than 20 drums.
Prices at source have gradually come down. After a good crop quantities are available at source.
Reports continue to advise of a major shortage of Eucalyptus Oil. Besides the two months of continuous rain in the growing regions, a major tax reform policy has hampered payment to the farmers. This has resulted in higher prices. No relief is immediately expected as demand stays firm but we continue to monitor the situation.
No changes here. Pollution control has stymied production, speculation and demand for fresh has caused prices for bulbs to go from 1.6 RMBY/kg to 4.4 RMBY/kg. Prices are firm and quality issues abound.
Prices here have jumped, and there is a notable change in quality today from regular suppliers. We have been advised that a major factory has stopped producing.
The crop is off due to the rains and reports continue to state that whatever was harvested was low in Citral. Prices keep rising as demand appears to outstrip supply. We have been advised that prices will continue to firm and that there will be shortages until the new crop in August 2018.
Continued lack of supply, along with strong demand, has kept prices firming on a weekly basis. Bad weather in the growing regions will have an impact on what will be harvested for the traditional end of year supply.
Rain in the growing regions has slowed harvesting but more importantly has had an impact on the quality of oil being produced. Citral content is reported at 60-62%, below the normal levels of 67-68%. This has forced producers to process more mass in order to meet specs. This in turn has resulted in prices increasing instead of softening. While still early in processing, reports indicate situation will not change.
Here too, prices firm as drought in growing regions has not been fully compensated by monsoon rains.
Prices for oil have dropped to a very low level. Reports indicate other crops were more profitable for farmers, so area planted for Coriander reduced by at least 50%, quite possibly by 67%. Prices for new crop seed continue to firm as it appears carryover positions on seeds were not properly stored and are unusable. We expect prices to rise as demand increases.
We have reports that state demand for both has increased. With limited availability prices continue to be firm. We have also received a report that advised that rains in certain growing regions in Yunnan are currently hampering collection, adding more pressure on prices. Sentiment is that pricing will not ease this summer.
With carryover virtually consumed, any offers received today are for limited quantities with high prices. Reports on the new crop should be received shortly with the anticipation of prices softening.
Similar to Lemongrass, rain is needed in the growing regions. Prices remain firm and quality is questionable.
The Spice Market continues to advise that prices for new crop seeds are firming. We anticipate that seed oil prices will follow shortly. Herb oil is still firm and is reportedly being made to order.
Pricing from both China and Indonesia is firm as farmer disinterest and rains have kept production down. With crops in China due now, reports indicate that current rains in growing regions could add more pressure on prices.
Reports continue to state that there are limited quantities of oil available. Prices for both items continue to rise.
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