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Product Updates

The market for amyris oil is currently very tight – supply has struggled to keep up with demand over the last two months, and many suppliers are finding it difficult to secure new material.

Excessive heat during Q1 and Q2 of 2024 has reduced the crop by at least 40% this year. Crop was delayed two months; prices are firm, and availability remains limited.

The crop was reduced by more than 40% when compared to last year. The 2024 crop has just finished, but availability at source is limited. Prices for this material remain firm.

Raw material availability at-source is limited, and prices are firm.

This year marked the third consecutive drought in Morocco. The spring crop has recently finished, but availability of “high thujone” material is limited. Autumn crop will only continue is Morocco receives good rainfall over the coming weeks.

The basil crop has been quite poor in Vietnam over the last three years, reducing availability and increasing prices at-source.

Availability is stable at the moment. Production in Dominica has not been impacted by recent storms.

Global prices remain firm and raw material availability is limited.

This year, the caraway crop was standard, but demand for new material has increased. As a result, availability is limited, and prices are firm.

The most recent crop has ended, and production remains limited. Prices are firming.

As a clove derivative, availability of this product remains limited. Prices are firm and many suppliers are struggling to secure new inventory. There have been multiple quality issues with this product in global markets, leading to additional shortages in supply.

The cedarleaf crop in Canada has another 6-8 weeks of processing left in the season until production is ended and facilities shut down for the winter.

The market for lime terpenes has firmed as demand for lime products out of Mexico and Peru has increased in recent weeks.

One of the largest manufacturers of Iso E in India has reported issues keeping up with global demand. This will likely place further strain on an already-depleted market.

Prices for this material have rapidly increased in recent weeks as manufacturers struggle to keep up with recent supply issues.

The antidumping case against Chinese manufacturers of vanillin and ethyl vanillin has continued to make its way through the legal system. Retroactive tariffs are a possibility in this market if imports of vanillin and ethyl vanillin increase by more than 15% during the July/August timeframe.

The antidumping case against Chinese manufacturers of vanillin and ethyl vanillin has continued to make its way through the legal system. Retroactive tariffs are a possibility in this market if imports of vanillin and ethyl vanillin increase by more than 15% during the July/August timeframe.

Prices are stable.

Prices for peppermint have increased due to a short crop this year.

Prices for palmarosa have increased due to a short crop this year.