New oil from this crop year was estimated to have produced 30-40% lesser than last year, but prices are down regardless because of low demand. Because of 2018 prices were very high, farmers continued to pick berries and produce oil. Carryover from last year more than compensating for this year’s shortage.
LITSEA CUBEBA & NATURAL CITRAL
LITSEA CUBEBA & NATURAL CITRAL
Nov 1st, 2019
Aug 1st, 2019
Reports continue to advise that current crop will be significantly lower than last year’s which itself was low. Heavy rains and flooding have severely hampered collection while also lessening oil content. We would expect to see prices increase the next several months.
Jul 1st, 2019
Still some months away from new crop, reports are predicting that the heavy rains in Hunan will keep the oil content of the seeds down. Expecting prices to firm.
Jun 1st, 2019
With heavy rains earlier this year in the growing regions, reports state that yield will be affected once again. With the government forcing strict compliance to their environmental policy, costs will remain high. With new oil not expected until realistically September, prices will continue to firm.
May 1st, 2019
Until production in August, prices will continue to firm. Heavy continuous rains in growing regions hampered production.
Apr 1st, 2019
Most stocks in hands of dealers, limited offers from producers.
Mar 1st, 2019
No change here, prices firm, limited availability.
Feb 1st, 2019
Lack of demand has kept prices stable, although high. Reports continue to advise carryover keeps diminishing. With new crop not due until end-August, September would expect this trend to continue.
Jan 1st, 2019
Reports indicate that carryover has dwindled and demand has slackened. Due to this prices have stabilized, but any new inquiries will cause prices to climb.
Dec 1st, 2018
Reports indicate that there is still some carryover in the hands of some farmers and factories. They also indicate that demand has slackened but is expected to increase by end of year (traditionally). With increased demand prices will rise as prices from farmers have increased in anticipation.
Oct 1st, 2018
Lack of oil has caused prices to stay firm for both.
Sep 1st, 2018
Reports from China are not optimistic. Rains in the growing regions impacted the availability of product for processing. Added to this is a shortage of workers to manually pick the fruit and low yields has caused total output to be less than last years. Prices are expected to climb and supply to be limited.
Aug 1st, 2018
Still awaiting new crop end-August, prices for both are firm.
Jul 1st, 2018
End of July crop will be seeding, meaning new oil will be available end-August/early-September. Reports indicate crop size should be the same size as last year’s, that is not large. New crop pricing is expected to stay firm as labor and production costs are up, and there is reportedly little urgency for farmers to collect. Citral Natural prices continue to escalate as carryover diminishes.
Jun 1st, 2018
No change here. Prices firm and available quantities being consumed.
May 1st, 2018
Qualities limited, prices firm. No new oil until September.
Apr 1st, 2018
Here too, stocks are being consumed and there will be no replacement until September. Prices continue to climb.
Mar 1st, 2018
We are beginning to see offers of Litsea Cubeba lots that are low in Citral with aggressive prices. Several suppliers have stated that the next prices will be even higher. With new crop oil not available until early September, prices will continue to climb.
Feb 1st, 2018
Prices continue to climb and since new crop is not available until the autumn there are indications that supply will be exhausted long before then.
Jan 4th, 2018
With BASF’s Citral not available, end-users have been forced to use Natural in order to meet commitments. This has forced prices to levels not seen since 2011, climbing weekly.
Dec 1st, 2017
Prices continue to climb as demand has stayed constant. With inventory in the hands of speculators we do not foresee any relief until September 2018.
Nov 1st, 2017
Pricing still firm as inventories dwindle. Difficulty in finding offers greater than 20 drums.
Oct 1st, 2017
The crop is off due to the rains and reports continue to state that whatever was harvested was low in Citral. Prices keep rising as demand appears to outstrip supply. We have been advised that prices will continue to firm and that there will be shortages until the new crop in August 2018.
Sep 1st, 2017
Rain in the growing regions has slowed harvesting but more importantly has had an impact on the quality of oil being produced. Citral content is reported at 60-62%, below the normal levels of 67-68%. This has forced producers to process more mass in order to meet specs. This in turn has resulted in prices increasing instead of softening. While still early in processing, reports indicate situation will not change.
Aug 1st, 2017
With carryover virtually consumed, any offers received today are for limited quantities with high prices. Reports on the new crop should be received shortly with the anticipation of prices softening.
Jul 5th, 2017
Supply for both items is limited and therefore prices are firm. New crop should start to be harvested end-July/early August, with good quality Litsea available in September. Indications are that pricing will soften then.
Jun 2nd, 2017
The new crop is expected in July and August. Prices continue to firm but if all goes well it should be a good crop.
May 1st, 2017
Prices continue to firm. With the new crop not due until August and oil not until September, pricing should continue this trend.
Apr 1st, 2017
Reports continue to state that pricing will firm until September when new crop oil becomes available.
Mar 1st, 2017
With the new crop not until August and September and the small 2016 crop pricing has firmed. Several dealers have stated that they expect prices to continue to firm until September.
Feb 1st, 2017
Indications are that supplies of last year’s Litsea Cubeba crop are diminishing. While prices are currently stable they are expected to firm soon. Natural Citral prices have begun to increase.
Jan 3rd, 2017
We have reports stating that a balance of supply and demand is keeping prices stable. Any unexpected demand will upset this balance, forcing prices up.
Dec 1st, 2016
Due to shifts in currency, prices for these items softened slightly. However, reports estimate that total production in 2016 was only 60% of 2015’s totals. We expect that as supplies dwindle prices will continue to firm.
Nov 1st, 2016
Reports continue to advise that floods and heavy rains during August and September resulted in fewer berries available for processing. Additionally we have reports that yields are down, suggesting that the price will increase until the new crop in 2017.
Oct 4th, 2016
Prices continue to firm as reports advise that the crop is short due to heavy rains and flooding. We also have evidence that Citral yield is down, adding more pressure to pricing. There will be no relief until the new crop in 2017.
Sep 7th, 2016
Several reports indicate that the new crop is short. Instead of easing, as is traditional for this time of year, prices for both products have firmed.
Aug 3rd, 2016
The new crop will not be available for several more weeks and prices are still firm.
Jul 1st, 2016
Prices on both products remain firm as carryover continues to diminish. We expect this to continue until mid-September when new oil will reach the market.
Jun 1st, 2016
With the new crop not starting until August and carryover reaching depletion prices are beginning to firm.
May 1st, 2016
One dealer advises that with carryover all but consumed, prices should begin to firm. This is likely to continue until the new crop is available in August/September.
Apr 1st, 2016
We have a report that supply and demand are currently in balance, keeping prices stable for the time being. Any increase in demand before the new crop is available in August will likely cause prices to increase.
Feb 1st, 2016
We are being advised that prices are stable, but experience suggests that prices will still be sensitive to spurts in demand. A smaller than normal crop will have to last until the new one in August/September.
Nov 1st, 2015
Prices remain stable.