
December 2019
Market is relatively stable at the moment, however, firming is beginning to occur as the rainy season is approaching. Additionally, many farmers are favoring to wait for higher prices from the spice market instead of distilling.
Market is relatively stable at the moment, however, firming is beginning to occur as the rainy season is approaching. Additionally, many farmers are favoring to wait for higher prices from the spice market instead of distilling.
Here too, weather has impacted the harvest. Prices are firm.
Also affected by rain, there appears to be a shortage of good quality oil at this time. There is a report that when prices dropped precipitously, several processors closed, unable to cover overheads. As a result prices continue to firm.
Here too rains have affected harvesting, causing prices to firm.
With increased availability prices have softened.
News from a well-known broker states that his suppliers claim that adulterated Oil is still being offered. He further states that this adulteration is only detectable by a sophisticated lab.