In the last quarter, prices are continuously increasing, and availability is limited. New-season will start in May 2020 but too early to predict market levels. One of the biggest challenges this year is that Sulawesi plantations are in their fourth year and some plantations are having lower yields and poor quality due to soil exhaustion. Some manufacturers are moving patchouli production back to Java where production cost is higher than in Sulawesi.
Maria-Paz Gonzalez PhD
VP PRODUCT MANAGEMENT & SOURCING
Jan 10th, 2020
Prices are firming monthly due to limited quantities available due to a prolonged drought in Sulawesi, the main cultivation are in Indonesia.
Mar 1st, 2019
Prices still firming, demand greater than current supply.
Feb 1st, 2019
Reports indicate that prices have jumped; availability lessens every month due to the damage caused by the Tsunami and El Nino.
Nov 1st, 2015
Currently there are broad differences in pricing and quality in the Patchouli market, with a 175% difference in pricing between the highest and lowest offers. Prices depend on a combination of Patchouli Alcohol levels, acid values, and the island of origin. To gauge this market properly one must know the quality needed versus the quality being offered by the competition. We expect this situation to persist for the time being.