CATEGORY
Market Report

The geopolitical situation in Haiti is declining and US airlines have recently been prohibited from flying into Haiti’s airspace.

The geopolitical situation in Haiti is declining and US airlines have recently been prohibited from flying into Haiti’s airspace.

Manufacturers have reported longer lead times and additional delays in the production of this material due to heavy rainfall and poor weather conditions in sourcing regions. This is expected to cause ripple effects throughout any GT-dependent market over the coming months.

Manufacturers have reported demand for this material is surging.

Manufacturers have reported demand for this material is surging.

Countervailing duties have recently been implemented against imports of Chinese vanillin and ethyl vanillin. The anti-dumping decision on these products is still ongoing, and we expect prices to rise in response to these additional duties.

Countervailing duties have recently been implemented against imports of Chinese vanillin and ethyl vanillin. The anti-dumping decision on these products is still ongoing, and we expect prices to rise in response to these additional duties.

Prices for l-carvone are reaching historic heights and trending upwards. As prices continue to rise, suppliers may become unwilling to import new material, which can lead to regional shortages as existing supply is depleted.

Clove Overview Cloves are the ripe, unopened flower buds of the Syzygium aromaticum tree, which is endemic to the Maluku Islands of Indonesia. Today, clove is grown in many regions including Indonesia, India, Sri Lanka, and Madagascar. Clove trees are widely renowned by farmers due […]

The cost of materials for benzaldehyde production have increased by more than 10% in India during September, though recent reports indicate pricing may have reached its peak. Benzaldehyde experienced an acute shortage in recent months due to high demand and prevalent usage in various agricultural […]

After just three days of widespread labor strikes, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USXM) have reached a tentative agreement to extend their labor contract until January 15th, 2025. This extension provides both sides with time to gather their arguments […]

In mid-June, India experienced a historic heat wave, with daily temperatures in Delhi hovering around 104 degrees Fahrenheit (40 Celsius) and highs reaching almost 122F (50C). These extreme heat conditions combined with intense humidity and high winds to create an exceptionally challenging climate for local […]

Container freight rates have increased by more than 30% over the last month, with shipping costs projected to rise even further as importers prepare for the tumultuous summer season. Ship diversions from the Red Sea are a major contributing factor to this issue – the […]

The 2024 Atlantic Hurricane Season might be shaping up to be one of the most active in history, with meteorologists forecasting 20-25 named storms across the Atlantic Basin throughout the 2024 season. In normal years, hurricane season runs from early June until late November, though […]

Earlier this February, the ongoing El Niño effect escalated into one of the strongest global weather events in history, earning it the rare designation of “Super El Niño.” In Central America, El Niño results in excessive rainfall along the Caribbean Coasts, whereas the Pacific Coasts […]

Cedarwood Oil Texas The domestic Cedarwood Oil industry has returned to normalcy after a somewhat-tumultuous few years. Labor issues within the US are largely resolved and harvesting and processing equipment for cedarwood has improved due to Berjé’s direct investment at-source. As such, we expect the […]

Fundecitrus Report December 2023 Fundecitrus recently published its second forecast of the 2023-2024 orange season within Brazil’s citrus belt, updating its total production estimate to 307.22 million boxes. This update represents a 0.7% reduction, or around 2.12 million fewer boxes, compared to previous estimates. One […]

After three years of cooling provided by the La Niña weather pattern, El Niño has returned and is estimated to remain dominant throughout the first half of 2024. With it, the UN’s World Meteorological Organization (WMO) has warned that rising temperatures and shifting weather patterns […]

Over the last five years, we’ve observed multiple widespread shifts in the perception and purchasing habits behind essential oils within the US. In the years preceding COVID, the total annual import of essential oils into the US averaged around 113,000 MT (per USDA). Purchases began […]

Brazil According to the latest “Brazilian Citrus Overview” presentation given by Vinícius Trombin from Fundecitrus/Markestrat at the ICBC Conference, held in Clearwater FL on Sept 20th, 2023, citrus greening (HLB) has become an increasingly difficult problem for farmers to manage within Brazil’s key growing regions. […]