Prices are firm, as inventories low.
Prices are firm, as inventories low.
With crop season over, new oil is anticipated to be available in January. While prices have recently been at historical lows over the last 5 years, cash will be needed for purchasing the spring crop. Supplies are dwindling and prices are expected to rise.
Autumn crop is done and estimated total output is placed at 50 metric tons. Compare this to 2017’s autumn crop of more than 150 metric tons. Processors reluctant to sell anticipating price increase.
Another product effected as mentioned above with the poor autumn crop, prices are firm.
Spring crop produced about 500 metric tons, same as last year; however market prices as reportedly near cost. This has discouraged processors and it is estimated that autumn crop will be only 100 metric tons as opposed to last year’s 300.
Reports continue to advise that the upcoming autumn crop will be less than that of 2016. They also advise that due to the BRICS meeting in Xiamen, a major processor was forced to suspend production during September. Pricing seems to have stabilized for the present but any unexpected demand could cause this to change.
With too much rain in Southern China, there are potential reports that much of the fall crop has rotted. With limited raw material available and higher labor costs, prices have increased. We would expect this to last until the spring crop.
Prices continue to inch upward as carryover is dwindling. With oil from the spring crop not due to reach the market until June, we expect to see this trend continue.
With carryover dwindling, market prices have increased slightly. Strong demand before Chinese New Year helped this upward trend but reports state that demand is now stable.
With total production in 2016 less than that of 2015, prices have firmed. As stocks deplete prices are expected to rise.
The situation has not changed. Cassia Oil is limited and prices have firmed.
Prices are still firm as availability of twigs, bark, and leaves is limited. As a result pricing for Natural Benzaldehyde is also firming.
Reports from the harvest that began in late September indicate that there are fewer leaves and twigs available than in last year’s harvest. It is also stated that much of what will be available has already sold so prices are anticipated to increase.
With the Spring Crop less than normal prices continue to rise as supplies dwindle. Oil made by the Traditional Method is demanding a premium.
Prices continue to firm for both ingredients as the supply of Cassia is limited.
With the Spring Crop over and production costs higher than those of last year prices have stayed firm. Relief is not expected, if at all, until the Fall Crop arrives in November and December.
Yield on the Spring crop was off, causing both costs and prices to rise. Pricing is expected to be firm until the Autumn crop.
The incessant rains in Southern China during April delayed budding of the Cassia trees. This Spring’s harvest is expected to be 50% of normal, meaning that prices will likely increase.
Reports that the growing areas are experiencing persistent rains mean that harvesting will be delayed until mid to end May. Prices are expected to stay firm for the near future.
Similarly to Eucalyptus, cold in southern China has caused major damage to the trees. One report indicates that the upcoming Spring crop will be 20% smaller than last year’s. Belief among our sources is inconclusive. Some believe that the traditionally larger Spring crop will ease prices and some say that a shortened Spring crop will not cover demand. Prices for these two ingredients have increased and we expect this trend to continue for several months.
Prices have risen following the completion of a slightly smaller Autumn crop. Increased production and raw material costs will likely keep prices firm until new Oil is available in June.
Reports indicate that by the time the Fall Crop has ended in January output will be far less than expected. One report indicates that production in Guangdong Province will be 50% of normal levels. Prices are expected to firm.
Price increases of $0.02 – 0.05/kilo have been reported at the farm level. Reports also indicate a 100 ton carryover from the spring crop and a lower yield on the Autumn Crop that means higher costs. Pricing will be adjusted by the end of November and any changes are expected to be minimal.