Australia currently has good quantities of Tea Tree Oil available. However, new production is expected to be just 50% of the “normal” annual crop for the region. Demand for tea tree material is currently considered slow but steady, and upcoming harvests will be heavily dependent on the future trajectory of international demand....
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Australia currently has good quantities of Tea Tree Oil available. However, new production is expected to be just 50% of the “normal” annual crop for the region. Demand for tea tree material is currently considered slow but steady, and upcoming harvests will be heavily dependent on the future trajectory of international demand....
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Bulgaria is in the beginning stages of its processing season for lavender, and oil production is currently underway at Berjé Trakia. In 2023, the lavender market underwent major changes to its supply structure and total acreage within producing regions such as Bulgaria. Weak demand in certain sectors of the consumer market led to a sharp reduction in the acreage allocated to lavender in Bulgaria, which will result in a significant reduction of essential oils production this year. However, thanks to our close partnerships with local growing communities, Berjé remains well-positioned in the lavender market. We are firmly committed to supporting lavender farmers and will continue to purchase their long-term production....
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Surveys from key growing regions within Mexico indicate that lime production has improved compared to previous estimates. However, as demand for lime continues to increase and purchase prices for fresh fruit remain high, the actual impact of these production improvements on the short-term Lime Oil market remains uncertain. ...
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Surveys from key growing regions within Mexico indicate that lime production has improved compared to previous estimates. However, as demand for lime continues to increase and purchase prices for fresh fruit remain high, the actual impact of these production improvements on the short-term Lime Oil market remains uncertain. ...
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Surveys from key growing regions within Mexico indicate that lime production has improved compared to previous estimates. However, as demand for lime continues to increase and purchase prices for fresh fruit remain high, the actual impact of these production improvements on the short-term Lime Oil market remains uncertain.
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Spring Harvest is now nearing completion in China. Production volumes for this harvest are estimated to be down approximately 30% versus last year, however, global demand has remained low over the past few months. For the production of derivatives and New Method oil, volumes from Vietnam are readily available to supplement demand. Prices for these, as well as Traditional Method oil, are nearing historic lows. The Fall Harvest will prove to be an interesting season for farmers to be incentivized to produce if prices remain low. We are watching and monitoring closely. ...
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Cedarleaf oil availability remains limited, but new production season is looking like an improvement over last year....
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Rains have finally arrived in North Africa; unfortunately, they have started after the rosemary adjudications were granted, which will result in a limited crop this season....
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Rains have finally arrived in North Africa; unfortunately, they have started after the rosemary adjudications were granted, which will result in a limited crop this season....
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Harvests in Peru were delayed due to continuous rainfall washing the balsam from trees. Local harvesters are now reporting a crop that is approximately 50% shorter than last year....
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Harvests in Peru were delayed due to continuous rainfall washing the balsam from trees. Local harvesters are now reporting a crop that is approximately 50% shorter than last year....
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Market prices for cardamom have recently bottomed out, and are starting to rebound slightly. We expect supply to remain stable at this level due to slow demand....
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The most recent Fundecitrus orange crop forecast for Brazil’s 2023/2024 season, published on May 10, 2023, estimates a production of 309.34 million boxes of oranges. This is not far from the previous crop season of 314.21 million boxes. The weight of oranges has improved this year, as well as the overall rains in the citrus belt. Fundecitrus estimates the crop will start sooner this year due to good conditions experienced during the flowering period....
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Late cold and freezing conditions have affected the blooming season of Turkish rose, causing the harvest season to be delayed. The new harvest has been pushed to the end of May, though yields may potentially decline by 30-40% due to cold conditions. Berjé is watching this market carefully and we will provide additional updates as they become available....
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The market climate surrounding Spanish rosemary has been especially difficult in recent months....
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Prices for clove and eugenol have continued to soften over recent weeks....
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Prices for clove and its derivatives have continued to soften over recent weeks....
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Fundecitrus published its third orange crop forecast for the 2022-2023 season, indicating that overall production has increased 0.7% in Brazil’s São Paulo and West-Southwest Minas Gerais citrus belt.
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