Current reports confirm that this year’s total production is less than that of last year. They also advise that carryover is limited. With speculators being active in the market prices continue to firm.
Crop in China is over and as predicted total production was less than last year. Prices are firm. Egypt is reporting that production this year will be less than last year and with little carryover, prices will climb higher.
Traditionally, oil produced in April from immature flowers is sub-standard. Reports from dealers are advising just this; current offers are for poor quality oil. Pricing should stay firm until prime quality oil is available end-June, July.
One report states that high prices have encouraged more planting of Geranium in China for 2017. A dealer estimates that 20% more acreage has been planted and that hopefully yield will be better than in 2016. Until oil is available in July, prices will remain at their currently high level.
Pricing continues to rise as availability of oil is an issue. New oil should reach the market in May but it is too soon to have any reliable information on crop size and yield.
Now that the traditional holiday season lull is over, prices are firming as demand is increasing.
The crop is over and no new production is expected until the next crop in May/June 2017.
With more and more acreage dedicated to grapes, prices have increased every month since July. We do not foresee this trend ending anytime soon.
This year’s cultivation has been less than last years and with the harvest over in September prices continue to be firm. Reports suggest that with no new production until May 2017 prices are expected to be firm until then.
Prices surged in late September in response to strong demand and the news from the Chinese market. These increased prices may contribute to more cultivation next year, making this elevated pricing short-lived.
Little has changed in the Geranium market as the crop is still short and prices are firm.