Market Report – August 2019

There were some tough times this month in our state Kerala with heavy monsoons, floods in many regions and landslides. The country also saw many areas in similar situations.  Our state, and the other parts of the country are recovering well. 

Due to stocks already built for essential oils, the availability is good.  It is in fact, the best time to stock up for Herb oil requirements! Here’s the market report for August 2019 from Bhoomi:

Essential Oils

Lemongrass Oil

There is a demand fall for Pure & Natural Lemongrass oil; it is considerably lesser than the supply; so prices are at an all-time low right now as compared to last few years. The current price has been fixed by the farmer groups to cover the basic production costs.  Prices may move up once production reduces in view of farmers being discouraged if minimum price is also not available for them.  We recommend to customers that this may be the best time to cover for their annual requirements. 

Palmarosa Oil

Production has been paused due to rains in the growing areas.  There is ample stocks available from previous season production and prices are quite good.  If there is an expected requirement, now would be a good time to buy. 

Citronella oil (South Indian)

Sufficient quantities are available; prices are quite favourable. 

Eucalyptus Citriodora Oil

Production continues all through the year; prices are at a stable low.


Black Pepper Oil

Currently the global prices of black pepper remain stable; it is expected to rise in coming months.


Davana Oil

Available volumes are lesser now, and prices are moving up as the oil is having  active demand. 


Nutmeg Oil

Production has picked up. Current demand and price for Nutmeg oil remains stable. 

Cumin Oil

The product is not in season; but the demand is low, so pricing is good.

Ginger Oil

The general price levels are quite high, considering high demand.  Bhoomi can offer available stocks at quite attractive prices.


Extracts

Bhoomi presents to you the current news on spice extracts.  As our new facility for extracts is ready now, we are happy to offer the below extracts per your requirements.  

Nutmeg Extract

The Indian nutmeg crop season is almost over. Generally, the yield percentage has been comparatively lower than last year with moisture content in raw material being higher.  This may be attributed to the high rainfall received during the growing season. Prices  continue to be stable in view of stocks already available.

 

Mace Extract

Raw material availability is lower; available material is mostly being applied for spice powdering and as raw spices – as pricing for this quality is better in the market.   This has driven up the price. 

Ginger Extract

Recent heavy rainfall and landslides have affected the production of the crop and hence, for the raw material.  Prices are expected to move up even further. 


Black Pepper Extract

Black pepper raw material season is in the lean period now.  Lower yield material is available right now. 


Celery Extract

Crop season is just over and currently the availability in the market is good. Currently, production of the extract is in progress. 

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