Mexico recently started its winter lime crop, which is the smaller of the two annual crops for the region. The crop quality of Mexican lime appears to be very high this year. Mexico's winter crop is typically used to fulfill outstanding orders, rather than produce a bulk of new material. Prices for lime oil remain at historic highs, and the fresh fruit market continues to be extremely strong in Mexico.
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Mexico recently started its winter lime crop, which is the smaller of the two annual crops for the region. The crop quality of Mexican lime appears to be very high this year. Mexico's winter crop is typically used to fulfill outstanding orders, rather than produce a bulk of new material. Prices for lime oil remain at historic highs, and the fresh fruit market continues to be extremely strong in Mexico.
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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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Davana has started to make a resurgence, though the current crop is very tiny, and emerging plants are only about 20 days old. Prices have started to lower in anticipation for new material entering the market....
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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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The current lemongrass crop is quite interesting. Farmers have planted a huge quantity of material, and major producers have a good stock of material available to offer. However, current estimations point towards the quality of new lemongrass material declining over the next two years, so the market is currently adjusting in-line with these predictions....
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Mint oils out of India are currently quite stable, though it should be noted that there is not much replanting occurring between farmers. Many producers in the region have started to re-sow their fields with different crops, which can lead to long-term gaps in future production....
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Production of orange oil continues to struggle to meet increased demand. Pricing has remained firm, and natural orange derivatives have also started to increase in price as a result....
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Lime oil is entering an all-time high due to greatly increased demand for fresh limes. Limes play a crucial role in the foods of countless cultures, and as such the majority of available material goes towards the fresh market....
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EU Grapefruit production is expected to increase this year, rising to 107,000 metric tons for the 2022 season. This increase is mainly due to an expansion of planting area in Spain; the nation is the EU’s largest grapefruit producer and a major exporter of citrus. European consumption of grapefruit has declined in the 2022 season due to rising consumer prices. ...
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EU Grapefruit production is expected to increase this year, rising to 107,000 metric tons for the 2022 season. This increase is mainly due to an expansion of planting area in Spain; the nation is the EU’s largest grapefruit producer and a major exporter of citrus. European consumption of grapefruit has declined in the 2022 season due to rising consumer prices. ...
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EU Grapefruit production is expected to increase this year, rising to 107,000 metric tons for the 2022 season. This increase is mainly due to an expansion of planting area in Spain; the nation is the EU’s largest grapefruit producer and a major exporter of citrus. European consumption of grapefruit has declined in the 2022 season due to rising consumer prices. ...
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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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Supply is very low due to increasing demand; market is very volatile and prices change on a day-by-day basis. Production this season was very limited in comparison to previous years....
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Raw material availability for anise has remained relatively low in recent years due to demand outpacing supply. The autumn harvest of anise in China and Vietnam is scheduled to start soon, though current reports estimate that this harvest will also be small. Prices out of Asia have already started to firm in anticipation of the small harvest....
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Guaiacwood situation has improved somewhat; new shipments should be arriving quite soon....
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Coffee prices have risen around the world due to lower yields in major coffee-producing regions. As such, coffee oil prices also continue to rise....
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Despite major Australian producers being battered by storms, the price of tea tree oil continues to decline. This is likely due to a sudden influx of material from South African growers; the nation is currently on-track to outpace Australia in the production of Australian Tea Tree Oil....
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