cardamomoilguatemala

CARDAMOM OIL GUATEMALA


November 2017

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.




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SPICES


gingeroil

Ginger Oil


September 2017

When the government forced processors to switch to gas fired burners from coal, production reportedly switched to a different province. This caused prices to soften, albeit for a very short time. It did not take long before the government forced the change to take effect in that province also. With lack of dried roots available prices are firm.




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SPICES


menthapiperita

MENTHA PIPERITA


August 2017

On July 1st a Goods and Services Tax (GST) went into effect, at a rate of 12%. Impact on pricing is what one would expect. With less acreage planted, increased strength of the Rupee and this new tax, prices have changed weekly. Several producers anticipate prices to continue to rise for some time.




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MINTS


menthapiperita

Mentha Piperita


July 2017

Reports from India continue to state that total production this year will be down. There is also the question of quality surfacing, as reported by the Indian producers themselves. With the current strength of the Rupee to the dollar, prices have firmed. U.S. growers have also indicated that their prices this year will be higher than last year.




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MINTS


menthapiperitaindian

Mentha Piperita Indian


June 2017

Reports indicate that far less acreage has been planted this year. Although there are no reliable records available, dealers are forecasting this year’s production to be 350 – 400 metric tons. Exports from India average 1,500 – 2,000 metric tons per year.




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MINTS


blackpepperoil

Black Pepper Oil


March 2017

We have received mixed reports on the harvest in India which will continue until March.  Some state that availability is steady while others indicate that the crop is not as plentiful as originally stated.  Pricing has increased slightly.  




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SPICES


cornmintoilmenthol

Cornmint Oil & Menthol


March 2017

The Indian government has recently removed the cash limitations for businesses though this does not readily translate into cash transactions at the farm level.  A further impediment in one of the growing regions is police restrictions on cash as elections are due at the end of February.  Prices have firmed and are expected to stay firm until the new crop in June.




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MINTS


davanaoil

Davana Oil


February 2017

Harvesting has just begun in India and the new crop should be available in March.  It is hoped that the current crop will bring Davanone levels back to normal. Pricing indications are slightly lower than those of last year.  




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FLORALS


cornmintoilmenthol

Cornmint Oil & Menthol


February 2017

With the new fiscal policies enacted in India in November, the traditional cash transactions between farmers and collectors have diminished significantly.  Less oil was collected and prices have increased at the farm level.  To meet demand, exporters turned to the MCX for Cornmint, which also pushed up prices.  A report states that current stock at the MCX is 8600 drums, down from 12500 on November 1st.  Higher oil prices have led to higher Menthol prices, putting more pressure on Natural Menthol against Synthetic.  Higher prices for Cornmint will encourage more acreage to be planted if root stock is available.  One report we have questions that availability.  




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MINTS