The new oil that entered the market in mid-May had content of 5.8%, and supposedly will reach 6% by the time of this writing. Current pricing at farm level some 10% lower than this time last year, but crop size is small. Prices should firm.
We have reports that quality oil is now entering the market, bringing some stabilization. However, with little carryover, farmers are not expected to make any price concessions. Pricing should remain at current levels for some time.
While still in the midst of production, weak demand has caused prices to soften slightly.
Crop season has just started, early oil does not meet specifications, and prices are expected to rise by end-March.
While early rains caused the output in May to be off, by September the crop’s total output was larger than what would be considered “normal”. Market pricing today is stable.
There was an easing of prices in September but reports indicate pricing has firmed as carryover dwindles.
While this year’s crop was higher than last year’s, prices have started to firm. Cited are costs of capital, labor and inventory.
It is the season now and reports are not promising. While the crop size is larger than last year’s, quality of oil is poor. Geraniol content is down to 3-4% when it is typically 6-8%. Carryover is small and nearly double the cost of new oil.
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.
Little has changed in the Geranium market as the crop is still short and prices are firm.
Situation unchanged. The crop is small and prices are high.
A small crop has helped to keep prices firm. This situation is likely to continue through the end of the year.
Reports continue to state that this year’s crop will be vastly reduced from last year’s . High labor costs, disinterest of farmers, and less planted acreage have all been cited as reasons. Prices are expected to stay firm for the remainder of 2016.
The harvest has begun but at a reported 15 kilos per day, output is small. With preferred quality Oil not usually available until late June/early July prices are expected to stay firm.
A first hand account from a dealer visiting the Chinese growing region of Dali cites less acreage devoted to Geranium this year, as farmers have switched to more profitable crops. This aligns with the reports of declining Oil production that we have received for the last several years. Since the bulk of the Chinese crop becomes available in May and June we would not expect any movement in price until then.
Carryover is dwindling in the lead up to the availability of new Oil in June/July. This has pushed prices close to 2011’s record high of over $185/kg.