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.
Monsoon rains did not alleviate problems with this year’s crop. Quality issues and high demand is keeping prices high.
Still watchful of quality, prices remain firm.
Here too, prices firm as drought in growing regions has not been fully compensated by monsoon rains.
There have been reports that the Monsoon Season this year has not provided enough rain to ease the conditions in drought stricken growing regions. This has kept prices firm. Strong demand has caused measures to be taken that have brought about serious quality issues.
Similar to Lemongrass, rain is needed in the growing regions. Prices remain firm and quality is questionable.
With the drought still in effect in Southern India, production has been limited. Competition from collectors and strong demand has kept prices firm. This has caused oil of questionable quality to enter the marketplace. Hopefully the upcoming monsoon season will alleviate this situation and production will return to normal.
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.
We have reports that drought in the growing regions was followed by monsoon-like rains. Processing has been hampered due to lack of suitable shoots. Pricing has climbed and relief is not expected until the end of September or early October.