August, 2018

Pricing for new crop Chinese Oil has softened. Reports claim demand is off. With falling prices from China, the Egyptians have responded by slightly lowering prices also.


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Written By
Berjé Purchasing
Purchasing Dept.




Market History

Aug 1st, 2018Pricing for new crop Chinese Oil has softened. Reports claim demand is off. With falling prices from China, the Egyptians have responded by slightly lowering prices also.

Jul 1st, 2018In China, rain has deterred more production of new oil. Early season oil was low in Geraniol, not more than 4%, so carryover at 6% was priced much higher. Reports indicate demand is low, indicating buyers awaiting better quality. The Egyptians watching Chinese prices have started to raise prices themselves, claiming crop is not as large as last year and carryover gone.

Feb 1st, 2018Heavy rains in China have kept production down by some 20%. Egypt, watching prices climb in China, has seen prices climb also.

Jul 5th, 2017Crop in China is over and as predicted total production was less than last year. Prices are firm. Egypt is reporting that production this year will be less than last year and with little carryover, prices will climb higher.