Latest Market Info: Nov, 2021
Nutmeg oil has increased in price due to a combination of high demand, increasing freight costs, and a shortage of supply. The nutmeg harvest this year was not substantial enough to meet current demand and prices are expected to continue moving upwards over the coming months.
↓ See All Previous Market History
9/2/21: Prices for material have continued to move up; challenges at sourcing locations may be a contributing factor here.
8/26/21: High demand for nutmeg continues to drive prices upwards. Production of the crop has also been greatly reduced in certain regions, which has driven prices even higher than normal.
3/16/21:Indonesia remains the largest producer of nutmeg oil in the world. For farmers, Nutmeg is a cash-crop that provides two possible markets to compete in: Immature nutmegs for oil (5 month old material) and mature fruits for spice (9 month old material). Indonesia typically exports about 200-250 MT of material per year.
However, in 2020, Indonesia only exported about 170 MT. Inventory has remained strong, despite the decreased production, and sales have been slow at the source. As a result, these prices are not considered sustainable and production of the oil has since been reduced. Farmers will likely start dedicating more oil to the spice market and the availability of oil will diminish as a result, driving prices upwards.
Description of Nutmeg Oil Indonesia
An extremely popular flavor and fragrance component found throughout countless formulations, Nutmeg Oil Indonesian imparts a warm and spicy-sweet aroma. This combination of sweetness and warmth makes the oil a popular addition among meat sauces and other flavor components, especially within tomato ketchup products. However, the peppery, somewhat woody odor also makes it a popular choice for men’s fragrances, aftershave oil, and other “spicy” perfumes geared towards a masculine audience.
Aroma & Flavor of Nutmeg Oil Indonesia
Warm and spicy, with an innate sweetness and peppery nuance. Drydown contains woody and somewhat balsamic notes.
Myristica Fragrans (Houtt.)
Pale Yellow Liquid
1.4740 - 1.4880 @ 20C
0.8800 - 0.9100 @ 25C
All scientific, regulatory and technical data is a guide for product identification purposes only. Only Berje authorized documentation is to be used for validation and confirmation. These documents can be provided upon request.
Harvest Schedule of Nutmeg Oil Indonesia
*Available Upon Request
• Safety Data Sheet
• Certificate of Analysis
• Specification Sheet
Technical Data Sheet