June
Market
Report

WELCOME TO A PERSPECTIVE BY BERJE; A TOOL DESIGNED TO SHARE OUR INSIGHT ON  A GLOBAL RANGE OF PRODUCTS. OUR MARKET REPORTS ARE STOCKED WITH REGULAR UPDATES ON GROWING REGIONS, CROP CALENDARS, AND LONG TERM PRICE TRENDS OF THE MOST CRITICAL INGREDIENTS IN FLAVOR AND FRAGRANCE COMMERCE.


Opening Commentary


June 2018

Just as BASF was reporting good progress with their repairs, the industry was rocked by news of another factory fire. Privi in India suffered a catastrophe with their factory in Mahad having an explosion and subsequent fire. Three units were closed down, and they instituted Force Majeure. Challenging times made more difficult for fragrance producers.
turpentinederivatives

Turpentine
&
Derivatives

Turpentine & Derivatives


June 2018

With Privi out for some time, more pressure will be put on Chinese suppliers for derivatives. Weekly, for several months, prices of Gum Turpentine continued to rise. Derivative prices have escalated with Ionones, Dihydro Myrcenol and all Terpineols several times pricing of just 8-10 months ago.






Posted In
SYNTHETICS


eucalyptusoileucalyptol

Eucalyptus
Oil
&
Eucalyptol

Eucalyptus Oil & Eucalyptol


June 2018

Reports indicate that demand has eased and there has been a small short term easing of prices. With limited amount of oil due to arrive in August it is believed prices will be firm. One report states that the amount of new trees being planted is not sufficient to replace those that have been damaged.  In the future products will continue to be tight. This report indicates prices will not return any time soon to “customary” levels.






Posted In
HERBS


geraniumoilchinese

Geranium
Oil
Chinese

Geranium Oil Chinese


June 2018

It is the season now and reports are not promising. While the crop size is larger than last year’s, quality of oil is poor. Geraniol content is down to 3-4% when it is typically 6-8%. Carryover is small and nearly double the cost of new oil.






Posted In
FLORALS


aniseoilnaturalanethole

Anise
Oil
&
Natural
Anethole

Anise Oil & Natural Anethole


June 2018

Reports from China indicate processing is done. Total amount of Anise Oil produced substantially lower than last year. This reduced output along with higher labor costs are keeping prices firm. As supplies dwindle prices are expected to continue to rise. New oil will not be available until November/December 2018






Posted In
SPICES


garlicoilchinese

Garlic
Oil
Chinese

Garlic Oil Chinese


June 2018

Processing has begun with new oil reportedly available in June. Current pricing on carryover is reportedly “low” but increased environmental and labor costs are expected to have a negative impact on pricing.






Posted In
HERBS


menthapiperitaindian

Mentha
Piperita
Indian

Mentha Piperita Indian


June 2018

We have a report estimating this year’s production to be close to 800 tons, more than double of last year’s. Good weather conditions in the growing regions and enough electricity to provide irrigation cited as reasons for increased acreage.






Posted In
MINTS


cornmintoilmenthol

Cornmint
Oil
&
Menthol

Cornmint Oil & Menthol


June 2018

We have a report indicating production in 2018 will be 60,000 MT. High prices of 2017, delayed payments and lower prices on food crops due to increased volumes, encouraged farmers to plant more acreage. Future weather forecasts are good so expectations of a larger crop are well founded. Would expect prices to reflect this.






Posted In
MINTS