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Market Report

The USDA Agricultural Statistics Board recently released its 2021-2022 Florida orange forecast for all varieties. The total is currently estimated at 46 million boxes, which is 1 million boxes lower than the previous estimate from October. If this number holds firm, it represents a 13% […]

Brazil is currently experiencing its worst drought in over 91 years, with low precipitation and shrinking ground water causing issues for agricultural exports.

According to a recent Mintec Benchmark, the price of Brazilian orange juice rose by 30% during the month of September, eventually stabilizing in October at a price point 35% higher than the previous year. This price increase is generally attributed to the lack of available […]

Southern Italy recently experienced an incredibly dangerous weather phenomenon known as a ‘Medicane,’ which short for Mediterranean Hurricane. Strong winds and extreme rains ripped through much of Sicily on Tuesday, flooding homes and damaging roads. CNN estimates that the cyclone dumped nearly half the island’s […]

As many of you already know, labor shortages continue to impact every facet of global manufacturing, our industry included, from trucking and freight logistics down to the production of shipping labels. Upwards of 70 container ships still float off the coast of California, truck driver […]

The NOAA recently reported that prime conditions for La Niña have materialized in the atmosphere, indicating that the weather pattern will occur again this upcoming winter. Weather models currently predict a dry winter for the southern US and a wet, cold winter for the northern […]

On September 19th, Super Typhoon Chanthu swept its way across East Asia, barreling past two of China’s busiest ports. This event caused ports to suspend their operations for 2 days in several terminals, including terminals within the Port of Shanghai. Shanghai is the world’s busiest […]

The US cedarwood market continues to remain a challenge for producers due to a variety of factors: labor, weather, and increasing consumption trends. Cedarwood oil is derived from two main sources: Juniperus virginiana (Virginia Cedarwood) and Juniperus mexicana (Texas Cedarwood). Both species grow abundantly throughout […]

The Indonesian dry season typically starts in April and finishes in October, with most harvesters waiting until the end of the dry season before they begin their harvests. However, the 2021 dry season has observed sporadic rainfall as it comes to a close, with the […]

According to Colorado State University hurricane researchers, the 2021 Atlantic hurricane season will be above-average. As ocean temperatures continue to rise around the globe, the influx of warm water provides additional fuel for storm patterns, increasing the frequency and severity of extreme weather. The absence […]

COVID-19 complications continue to plague most of Asia, causing port closures and logistical delays across the continent. Ship crews and truck drivers are now required to produce a negative COVID test before they are allowed to access certain shipping areas, which has further exacerbated the […]

As if we haven’t heard this sentiment enough lately, labor shortages of all types continue to impact every facet of the global economy, from limiting raw material collection rates to halting the international supply chain. Logistical issues regarding transportation are at the forefront of these […]

Due to a combination of harvest difficulties, environmental challenges, and increased demand from fresh fruit markets, Orange Oil prices have risen to nearly unprecedented levels over the past month. Brazil is the world’s largest producer of oranges by far, amassing over 15.6 million metric tons […]

Once again, currency is playing a major role in the pricing of imported goods to the USA. Stronger currencies are emerging against the USD, riding the wave of higher commodity prices and taking advantage of global supply chain shortages. The largest and most widespread of […]

Fundecitrus’ first orange crop forecast was released on May 27th, indicating a total production of 294.17 million boxes for Brazil’s 2021/2022 sweet orange season. This represents a 9.51% increase in production over the previous year’s crop of 268.63 million boxes, though even with such an […]

Lemongrass is produced throughout the world, though the essential oil primarily comes from India and Guatemala. India produces the East Indian variety of lemongrass, which retains a higher citral concentration than its West Indies counterpart produced in Guatemala. As the largest producer of lemongrass in […]

A native product of the Mediterranean region, rosemary is primarily grown in three nations: Tunisia, Morocco, and Spain. The main market outlets for the rosemary crop are dried herbs, antioxidants, and essential oils. Tunisia produces around 80 MT of material per year, with Morocco following […]

Even though we’re only a few months into the year, 2021 has already presented several challenges regarding international shipping and ocean freight. The effects of Coronavirus continue to ripple throughout the global economy, with the most recent major shift being the new United States stimulus […]

The Davana plant (Artemisia pallens) primarily grows in the southern regions of India. Davana is what is known as a “xerophyte” plant and easily adapts to its surroundings, even with very little water. However, this trait also makes Davana especially sensitive to a sudden influx […]

Near the end of last February, the Southern US and Northern Mexico were struck by a sudden influx of extreme winter weather brought on by the annual Polar Vortex. In recent years, the Vortex has increased in both size and ferocity, distributing colder conditions throughout […]