The summer holidays in European and American countries have basically ended, and the market has become active again in September. Essential Oils Produced in the U.S. Although Florida's citrus crop was not affected by the storm, production so far is expected to be smaller than in previous years. Prices of orange oil and its derivatives remained firm in September. Affected by active demand and rising production costs, the prices of peppermint oil and spearmint oil have increased steadily. Essential oils produced in Argentina The supply of lemon oil has been an issue over the past few weeks, and only a small amount of the product is produced by Argentinian producers. Due to the slump in the juice market, less fruit is used for processing, so the production of oil products has also been reduced. It is estimated that production and supply of the crop will be an issue during the next season and into next year, and prices will undoubtedly continue to remain strong. Currently, a certain quantity of apple flavoring is available for immediate shipment. Essential oils and synthetic fragrances produced in Brazil Overall, market conditions in Brazil have not changed much since August. Prices for orange oil, orange oil terpene, and D-limonene remain firm. The harvest season for the bitter orange crop has ended and the oil is currently in limited supply. Processing of the next season's crops will not begin until May 2007. Essential oils and synthetic fragrances produced in China China has just announced a new export tax rebate rate, but this has not had any impact on China's synthetic fragrances or natural essential oils. Due to delays in the distillation of the new crop, prices for anise oil were slightly firmer in September, with the product currently being quoted at $6.70/kg (CIF). The price of its derivative natural anethole is US$7.65/kg (CIF/World Port). The market for cinnamon oil and its derivatives has remained flat in recent weeks. Depending on the quantity and supplier, the current quoted price of citronella oil is between US$5.60-5.85/kg (CIF). It is currently the rice harvest season, which has resulted in a shortage of labor for processing Eucalyptus globulus oil (80), which has further strengthened the price of this oil. Recently, the price of this product has been between US$4.40-4.60/kg (CIF). Eucalyptol (99.5) is quoted between US$5.75-5.85/kg (CIF). In recent weeks, no quotations for garlic oil for the new season have been received. Due to the continued weak demand, the quotation price of ginger oil fell to US$40.25/kg (CI F/ minimum in tons). The price of geranium oil continues to be strong, with the latest quotation being between US$63.00-69.00/kg (CIF). Foreign demand for Litsea cubeba oil has been weak, with recent quotes at US$12.50/kg (CIF) or even lower. But major suppliers expect prices to regain strength once buyer interest increases. The market for British/US Pharmacopoeia grade menthol has been unstable for several weeks. The latest quotation is between US$23.50-25.00/kg (CIF/World Port). With spearmint oil prices so high last month, major suppliers have adjusted their prices in recent days to attract more overseas buyers. According to different quantities and suppliers, the recent quotations of spearmint oil (60) are between 22.65-23.70 US dollars/kg (CIF), and the quotations of spearmint oil (8 0) are between 29.85-30.85 US dollars/kg (CIF )between. Market conditions for tea tree oil remained unchanged in September. Essential oils and synthetic fragrances produced in India The market for essential oils and synthetic fragrances produced in India remained unchanged in September, except for Asian peppermint oil and its derivatives. The menthol market is still chaotic. The current quotations of this product are mainly for those "commercial, terpene-free products and British and American Pharmacopoeia grades", of which the latter is quoted as high as US$25.00/kg (CIF/full container quantity) , but it did not indicate whether the product was dry goods or specific goods. It is reported that the supply of peppermint oil (pure) is scarce, with the recent quotation reaching US$24.50/kg (CIF/World Port). I haven't received any offers for spearmint oil in recent weeks.
Essential oils and synthetic fragrances produced in Indonesia Overall, the market for essential oils and synthetic fragrances remained unchanged in September, although prices for nutmeg and patchouli oils increased. The supply of cinnamon leaf oil (pure), an essential oil produced in Sri Lanka, continues to be in short supply and prices are high. Market conditions for other essential oils were unchanged in September.