Reports from China indicate processing is done. Total amount of Anise Oil produced substantially lower than last year. This reduced output along with higher labor costs are keeping prices firm. As supplies dwindle prices are expected to continue to rise. New oil will not be available until November/December 2018
In January snow and ice damaged trees in the growing area, followed by more damaging storms in February. With limited amounts of leaves and fruit prices are firm.
Reports continue to state that demand is off, keeping prices low. This has discouraged farmers from collecting. While the harvest usually ends in June, prices are not expected to ease any further.
Recent reports indicate that Oil from the Autumn crop has been consumed and that any spike in demand will cause prices to increase. As we won’t see new Oil until sometime in June, a price rise is expected.
Reports indicate that carryover from the Autumn crop are dwindling. We expect prices to firm until new material becomes available after April.
Reports indicate that low prices and high labor costs have discouraged farmers from harvesting Anise. As carryover stocks are consumed in the runup to the May/June crop we expect to see prices firm.
The most recent reports we’ve received indicate that production of Anise oil is limited as low prices have discouraged farmers from distilling. With carryover nearing completion, we would expect prices to rise.
Reports from October of off demand and softening prices for both ingredients conflict with previous reports of low volumes and higher costs for producers. The Spice Market reports that prices for Anise seeds are rising, suggesting a diminished crop and the prospect of rising prices for both Oil and Natural Anethole.
Current pricing for Oil is unappealing for farmers, who will be holding on to stocks from the Spring Crop and reducing their production for the fall. Reports indicate that demand is off which may suggest slackened demand from the pharmaceutical industry. Despite the difficulties with the Anise market, pricing for Natural Anethole remains stable for now.