2016 season ended at reduced rate of approximately 25% which has led to very limited carryover going into new crop. Rainy season has been favorable for a strong crop; however, simultaneously recent heavy rains have caused some logistical challenges in seed collection at the start of harvest now. Prices presently remain firm.
The spice market is reporting that the upcoming crop from Guatemala will be 2/3 the volume of last year’s, including carryovers. Extended dry weather has been cited as the reason. We can expect to see prices rise.
The Indian crop season is over and reports continue to advise that there was serious damage. Prices for oil continue to rise and will continue to do so as stocks diminish.
Prices have escalated on reports that the Indian crop has suffered serious damage. Guatemalan Oil is competitively priced.
Again , a lack of rain severely impacted the Indian crop. With raw material availability limited, prices continue to firm.
The recently completed crop in Guatemala is estimated to be the same size as last year’s. Prices remain stable. India also recently completed an adequate crop though prices have increased slightly.
Indian sources report an increase in prices as their “season” nears completion. Prices on Oil coming out of Guatemala remain stable.