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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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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The bergamot season has started in Italy, running from the first week of November until the end of February/early March. Flowering in the springtime was good, however high temperatures and drought conditions during the summer has caused a reduction in overall crop quantity/yields. Fruit prices are higher in the fresh market than industrial markets, and there is very little carryover from the previous season. Bergamot oil prices are expected to remain stable....
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Market for ginger is firm but stable; prices have moved down somewhat due to lower freight costs and reduced demand....
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Persistent droughts in Morocco have caused Chamomile Wild Maroc to steadily increase in price over the last two years...
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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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Prices for rose oil have risen across Bulgaria due to the increased cost of fuel and fertilizer. Power shortages may also be a cause for concern here, as Russia controls most of Bulgaria's access to oil and natural gas....
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Peppermint prices from all domestic origins continue to rise. This is largely due to the Midwest drought, which has struck many growing regions including Northern California, Salt Lake, and other areas of the American West. Certain farmers have also refused to plant peppermint in recent years due to the crop's declining value in comparison to food crops such as corn and wheat. This "value" issue has been exacerbated by the global food shortage brought on by the Russia-Ukraine war....
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Peppermint prices from all domestic origins continue to rise. This is largely due to the Midwest drought, which has struck many growing regions including Northern California, Salt Lake, and other areas of the American West. Certain farmers have also refused to plant peppermint in recent years due to the crop's declining value in comparison to food crops such as corn and wheat. This "value" issue has been exacerbated by the global food shortage brought on by the Russia-Ukraine war....
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Many chemical products from Germany have risen in price due to the ongoing energy crisis, as well as rising production costs....
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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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The USDA Citrus Production Forecast for California Lemon has increased, up from 21 million boxes to 23 million....
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The “Medicane” storm that struck Italy on Tuesday caused damage to many regions, flooding homes and streets. Blood orange and Sicilian lemon are expected to be affected by this, though we are still waiting on the full damage report.
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Harvest of chamomile has been completed in England. The cold and wet weather caused higher energy consumption for growers, which in turn raises production costs. Prices are expected to remain stable but firm, and global demand is relatively weak....
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Egypt’s 2021 crop season for Chamomile Blue was much larger than previous years, causing availability to surge. Despite the increase in material, prices have remained relatively firm due to heavy demand from the aromatherapy sector....
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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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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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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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