Market Report – July 2020

With Unlock 2.0 in effect in India since July 01, every State is now authorized to decide restrictions outside of containment zones.  Therefore, a national lockdown is not anticipated anytime soon and as such there may not be significant supply chain or manpower disruptions. Keeping in mind the temporary hiccups in few pockets within the country, Bhoomi endeavors to supply raw materials and ingredients to our valued  consumers in the shortest possible time. We maintain our advice to customers to plan well in advance for their upcoming requirements to factor in the process time for orders.

Our Market Report this month seeks to keep you well informed of the products in season and also our regular products. We hope this would be helpful for timely planning of procurement of raw materials.

FEATURED PRODUCTS

Nutmeg

Stocks are fast moving for the high demand that Nutmeg is having currently. Prices are on an upward trend.

Floral Absolutes

The season for production of floral extracts is ongoing.  BHOOMI is pleased to offer absolutes of Jasmine Grandiflorum, Jasmine Sambac, Pink Lotus, Frangipani and Tuberose.  Book your requirements right away!

Turmeric

The high demand for Turmeric and associated products in the wake of the pandemic continue and prices are moving to the higher side. Better to procure your stocks sooner than later.  BHOOMI offers Turmeric Root oil, Turmeric Extract and Curcumin 95%.

 

 

Cardamom

Production is dependent on the monsoons in South India from June to August.  Weather has been favourable until now, so there is fair expectation for prices to improve as of now.  However, forecast until August is for bad weather and heavy rainfall. If so, production could take a hit and we will see a peak in prices. BHOOMI offers both Cardamom oil and Cardamom Extract at competitive prices.

Mint Oils

Distillation of Mentha Arvensis is almost over and along with the carryover from previous stock, supply is sufficient to meet demand. In the current scenario, the farmers are happy to hold stock, in anticipation of a price increase.  Mentha Piperita  distillation is in process; we are seeing lesser produce with less menthofuran.  There is good demand and prices are showing an upward trend.

 

 

SPICE ESSENTIAL OILS AND EXTRACTS

Ginger

The demand for raw material has gone up for its immunity building properties. With less yield this year and higher demand for raw material, prices are still moving upward

 

Black Pepper

Prices are somewhat hovering in the same range with sporadic fluctuations depending on speculations.

 

 

Herb Essential Oils

Lemongrass oil

With the expectation for a good monsoon in the growing areas, there is a consequent expectation for a dip in price for Lemongrass oil. Fluctuations continue with the demand being high for its sanitizing properties. We will have to wait and watch how this would pan out.

Palmarosa oil

Production is slow and demand is increasing; hence, there is a slight increase in price. We can offer sufficient volumes at present.

 

Basil oil

Another product having high demand in production of sanitizers, Basil oil is seeing acute shortage with prices escalating.

 

 

Davana oil

As the stocks deplete, farmers are recognizing the demand and increasing the rates for small quantities available with them. We continue to offer small lots.

Herbs

Ashwagandha root

It is an ancient medical herb most known for its ability to reduce stress and promote a calmer and happier sense of being. The product is having good demand now as a health supplement currently. BHOOMI offers the root, powder and extract as per customer specifications.

Dry Ginger

Dried Ginger has been a traditional herbal remedy for thousands of years world over as it contains a higher concentration of two active compounds – Shogaol and Gingerol – about three times more than in fresh ginger. The dried, ground, powdered ginger is also used mostly in cooking as a flavoring agent. BHOOMI offers Sliced and Powdered forms of Dry Ginger.

Piper Longum

Long pepper is widely used as a general tonic and rejuvenator in Ayurveda and is known to enhance bio-availability of food and drugs. The main component, Piperine, significantly enhances the curcumin absorption in the body and for this, we are seeing high demand in the pharma industry at present.

Hibiscus petals

Red hibiscus flowers are very common and widely used for medicinal purposes. It is said to aid in weight loss, regulate high blood pressure, high cholesterol, to increase the production of breast milk, etc. We can offer dried Hibiscus Petals in good volumes.

Leave comment