With El Nino in control thru at least the end of February, heavy rains have hampered harvesting of leaves. Reports indicate that processors are competing against each other, trying to secure crude oil. Prices for Clove Leaf Oils, Eugenol, Iso Eugenol, Stem, Bud etc. are expected to firm.
Production not yet back to “normal” levels, after the rain that has been experienced. Demand is high and prices firm for Eugenol, Clove leaf Oil and Iso Eugenol.
We are beginning the “Dry” season now in Indonesia. However, poor weather had limited harvesting. High demand has kept prices high for Clove Leaf Oils, Eugenol and Derivatives.
Very few offers from source as it appears Madagascar is sold out and Indonesia has none to offer. Eugenol and derivative prices continue to climb.
Damage cause by Cyclone Ava has impacted the Clove crop in Madagascar. Supply is expected to tighten for the near future.
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.
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.
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.
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.
The harvest has been postponed for one month as Indonesia continues to receive heavy rains. This combined with last weekend’s start of Ramadan has contributed to a firming of prices.
The “dry” season in Indonesia has been delayed by one month, due to the incessant rains. Pricing should be firm until end-summer as production should be back to “normal” by then.
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.
Prices are still firm as weather is still hampering collection of leaves.
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.