Prices have softened slightly as there are roots in the market. It would also appear that several more processors have finished their conversion to natural gas from coal and are in need of cash, so selling oil at/or near cost.
With rainy season in Madagascar approaching and Clove Leaf Oil still short in Indonesia prices have continued to firm. Eugenol is tight as demand is very strong. Clove Leaf Redistilled, Eugenyl Acetate, Iso Eugenyl Acetate, Methyl Eugenol, Caryophyllene have all seen prices rise.
Prices at source have gradually come down. After a good crop quantities are available at source.
Very little of the Indonesian quality is available at origin. In Haiti, no new distillation will begin before the new main harvest starting in January / February.
With strong demand for Eugenol and with the producers in Indonesia not yet up to normal production levels due to an extended rainy season, prices remain firm.
Reports still confirm production is limited due to the strict environmental regulations being enforced, especially on many of the smaller producers. Prices have firmed.
The lengthy rainy season experienced in Indonesia has seriously impacted the crop. Along with thunderstorms and strong winds, trees did not flower normally; producing fewer cloves. We are now in the “dry” season, but have yet to see any significant easing of prices; actually they seem to be very firm.
Also affected by rain, there appears to be a shortage of good quality oil at this time. There is a report that when prices dropped precipitously, several processors closed, unable to cover overheads. As a result prices continue to firm.
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.
With Indonesia still not producing at a “normal” rate, prices continue to firm. These prices are expected to ease late summer as we are now in the “Dry” Season and very shortly production of oil should increase. In line with Indonesia, Madagascan oil pricing has risen. Madagascar crop should begin in August, so early Fall should see prices soften.
Pricing from both China and Indonesia is firm as farmer disinterest and rains have kept production down. With crops in China due now, reports indicate that current rains in growing regions could add more pressure on prices.
Reports continue to state that while the crop is fine, production is still limited as many factories have not yet changed their boilers to gas in line with pollution controls.
With harvesting of Clove delayed by the abnormally long rainy season and the one month respite due to Ramadan, little Clove Leaf Oil has been produced. Prices have firmed, including for Eugenol and Iso Eugenol. It is expected that prices will ease later on this summer into autumn.
Prices from both Indonesia and China are still firm as rain has kept harvesting and therefore production down. Prices for Citronellal ex-Citronella and Geraniol ex-Citronella have subsequently firmed.
Vendors state that supplies are tight and prices are up.
We have a report that in the growing regions of Aceh and Padang, while the rains have stopped, extremely strong winds have caused the nutmegs to fall from the trees before they ripened. Additionally, this report states that heavy flooding in Padang further disrupted the collection of fruit. There are also reports of insect infestations destroying trees. All of these are cited as the reason why Nutmeg prices have escalated.
Production is limited due to the continued suffering from the effects of the heavy rains that occurred and considerably delayed distillation. Strong demand has forced prices to climb higher. With the major harvest in January/February, relief is not expected soon.
Heavy rains in Haiti have made harvesting of the roots very difficult. Prices for oil continue to go up.
Reports continue to state that many factories have still not converted from coal-fired boilers. With demand for fresh Ginger still strong very little oil is being produced.
With a deadly cyclone in Madagascar and incessant rains in Indonesia, prices for the following ingredients are rising: Clove Leaf Oil, Clove Stem Oil, Eugenol, Methyl Eugenol, Methyl Iso Eugenol, Iso Eugenol, Eugenyl Acetate, Iso Eugenyl Acetate, and Vanillin ex Eugenol. From Madagascar, expect the Ylang Oils and Vanilla to escalate as well.
There have been heavy rains in Indonesia and continued rain in the growing regions in Southern China at the end of 2016. The Chinese crop is reportedly off by 15-20% and internal demand in Indonesia is strong. This has translated into higher prices as availability is becoming limited.
Reports continue to advise that there is a lack of dried roots available for distillation. Pricing has increased and should remain firm for the foreseeable future.
There does not seem to be any offers of oil from Indonesia and oil production has just started in Haiti. Haitian oil pricing is firm as demand seems to be greater than supply.
Prices are still firm as weather is still hampering collection of leaves.
With reports that there is no carryover in the hands of factories prices continue to firm. There is a limited arrival of oil in the market in April so prices are expected to continue to firm.
Reports continue to advise that steady rainfall in Indonesia is hampering the collection of leaves. With supplies of Crude Clove Oil reportedly limited prices continue to firm. Eugenol, Iso Eugenol, Caryophyllene, Methyl Eugenol, Methyl Iso Eugenol, Vanillin ex Eugenol, and Propenyl Guaethol have all firmed. With the rainy season lasting through March & April we do not expect prices to ease soon.
With production still limited, prices continue to firm. As long as demand for fresh remains strong relief is not expected soon.
Chinese production in 2016 was approximately two thirds of that of 2015. This was due to a combination of low prices discouraging farmers from distilling, environmental protection policies, and bad weather. With Indonesia acting as an alternative to China in 2016, supply was stable. Now with steady rains, their supply has become limited. As a result, prices have increased.
Production was reduced in November. Prices have firmed and are expected to increase further.
The rainy season has hampered collection of leaves. Prices are up.
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