Orange oil pricing remains largely unchanged in global markets. Mexico's orange crop was quite good this year, and new material should enter the essential oils market by the end of January. Current orange harvest is focused on the production of NFC juice....
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Market prices are relatively weak due to lower demand. However, prices for true traditional method oil remain firmer, with only a slight decline. We are continuing to watch the market as the current crop finishes....
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Prices for ginger have firmed due to the rising wave of COVID cases within China. Ginger is often considered a vital component of traditional medicine, and interest for ginger as a herbal remedy skyrocketed during the pandemic. The current ginger crop in China has also yielded far less material than last year, resulting in an overall lack of availability....
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Market for lemon oil is quite soft again, and pricing at-source is reaching a near-historic low....
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Prices for cardamom out of India have recently increased....
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EU lemon production is forecast at 1.5 million metric tons, which is down 0.2 million metric tons from previous estimates. Spain is the largest producer of lemon within the EU, accounting for nearly 65% of the region’s production, but poor weather conditions have reduced output in recent months. Italy is the second largest producer, though floods caused damage to numerous lemon groves near the end of October. In general, EU exports of lemon are expected to decline due to a shortened season and increasing prices....
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Supply is very low due to increasing demand; market is very volatile and prices change on a day-by-day basis. Production this season was very limited in comparison to previous years....
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Rosemary prices from all origins have increased, though Tunisian has experienced the sharpest of these increases....
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Prices for Cassia are steadily increasing out of China and Vietnam....
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The La Nina effect continues to play a role in Indonesia as we enter the “dry season,” and rain is predicted to continue over the next 3 months. From April to June of 2022, most regions of Indonesia are expected to experience moderate rainfall, with certain regions experiencing a 14% increase over their monthly average. This will have an adverse effect on many Indonesian crops including clove, clove residue, nutmeg, and other regional products....
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Supply on coriander herb and seed has tightened due to the Russia-Ukraine war. Prices are rising and availability is low....
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The USDA Citrus Production Forecast for California Lemon has increased, up from 21 million boxes to 23 million....
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It’s a little early to have a clear forecast on the forthcoming citrus season out of Italy, though the general consensus seems to be that crop volumes will be reduced as compared to last year. This is mainly due to the unfavorable climate conditions that occurred during the early post-flowering stage of bergamot, with temperatures in the region of Syracuse hitting nearly 120 F (48.8 C). These temperatures caused a significant loss of fruit, meaning that the harvest is expected to be delayed by at least 2-3 weeks....
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Global consumption of pink peppercorn has increased dramatically this year, with some industries even doubling their previous numbers. COVID-19 has presented multiple issues in producing regions, with factories shutting down amidst staff shortages. Availability is tight and demand is strong....
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Due to intense rainfall, the Lovage crop has observed heavy losses. Areas surrounding the Balkans are not currently producing new material and have had many issues due to bad weather....
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Production of new carrot seed oil was delayed slightly but has since returned to normal levels; availability and demand are both strong....
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Celery’s crop has just ended and is reported to be 25% larger than 2020. However, continuous rains from April to July have affected material quality and oil yields. Celery seed is selling 10% below last year due to lower oil yields, though the price of oil remains stable....
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Production in Turkey climbed during 2020-2021, but grapefruit production is expected to decline in response. According to the U.S. Department of Agriculture’s Foreign Agricultural Service, Turkish lemon production reached 1.1 million metric tons, which is 13% higher than the country’s 2019-2020 season....
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