Description of Pimento Berry Oil
Latest Market Info: Feb, 2021
Jamaica is the world’s largest producer of AllSpice, which is created from Pimento Berry. The production of Pimento Leaf often disrupts Pimento Berry, which has prompted the local government to place regulations on the harvesting of Pimento Leaf. Combined with recent bad weather conditions and Pimento products have risen in price across the board, with availability of Pimento Leaf sharply declining over the last few months. Berje will continue to monitor the situation on the island.
↓ See All Previous Market History
1/25/21: Severe weather conditions and COVID-19 concerns created challenges throughout the important summer collection and production months. This has made availability very limited across the board for all Pimento products.
1/15/21: The market in Jamaica has recently moved to leaf oil, rather than the berry, but the government has been looking into placing a ban on pimento leaf harvests due to its impact on the plant’s berries.
Pimento berry is commonly used by the Jamaican market for spices, and the berries have very favorable margins for farmers, making them an attractive product to grow.
The Netherlands is currently one of the largest buyers of Pimento Berry spice products, raking in lots of revenue for the island during normal years.