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MARKET REPORT APRIL 2021

The following report contains updates on the current trends in production and availability of the most in-demand Essential Oils and Carrier Oils sourced from around the globe.



Ginger Essential Oil

Ginger is grown and harvested throughout the year in Indonesia and recent growing conditions have been steady. Demand for Red Ginger has been on the rise due to reputed benefits over other Ginger varieties; this has prompted many farmers to switch crops and focus on Red Ginger cultivation. While crop yields have been typical, ongoing high demand for Ginger in culinary and medicinal applications has recently resulted in less available crop for oil production. Prices for Ginger Essential Oil remain firm with potential to rise. Demand for Ginger oils and extracts is increasing due to the popularity of herbal supplements and this trend is expected to continue.

Chamomile German Essential Oil

Harvest of Chamomile German has been underway since February in Nepal. Growing conditions this season have been moderate, and this year's total yield is projected to be within 10% of the yield from last year. In Hungary, Chamomile German will be harvested from May to June 2021. Although growing conditions are favorable at this time and a promising yield is anticipated, it is still expected to be lower than last year's yield. Demand for Chamomile German Essential Oil has been improving since last year and market prices are trending upward.

Basil Essential Oil

High rooting costs combined with delayed rains are facilitating a much lower Indian Basil yield compared to last year come harvest time in October. Demand is high because crop has been poor and while market conditions have been fluctuating, an overall upward trend has emerged. Demand for Basil Essential Oil was high during its season last year due to spreading awareness of its nutraceutical properties. Increased intake of Basil leaf by pharmaceutical and nutraceutical industries reduced the raw material supply available for oil production. Availability of oil is projected to be a concern for the rest of the current season.

Aniseed Essential Oil

Anise can be grown year-round, although the best time to cultivate it in tropical regions is during the cool, drier months. This crop needs ample sunlight to thrive and must be protected from strong winds, which can easily damage it. Light, sandy loam enriched with organic matter is ideal for Anise production and roots must be kept moist to ensure healthy growth. Seeds ripen after four months, at which point the seed heads can be removed and sun dried. Once the dried husks have been removed, seeds are processed for oil production. Oil yield is approximately 0.5% to 0.7% of the seeds by weight. In India, seeds were sown from late October to early November of last year. Distillation has recently finished for the season and at this time, market price and demand are in balance. This balance is expected to hold steady for the near future.

Helichrysum Essential Oil

Slovenian Helichrysum was traditionally harvested wild in the past but now it is mainly sourced from cultivation. Harvest will take place in June/July of this year and it is expected to be on par with last year's yield. Market conditions and demand for Helichrysum Essential Oil remain stable.

Macadamia Carrier Oil

Macadamia nut harvest has been underway in Kenya since February and will wind down in April. Growing conditions have been favorable, and the projected harvest yield will be comparable to last year's yield. Demand and market conditions for Macadamia Carrier Oil are holding stable.

Pumpkin Seed Carrier Oil

Pumpkin seeds are harvested every October in China. So far this year, there have been no major issues that would negatively affect growing conditions and the harvest yield is projected to be almost the same as last year's yield. Demand and market conditions remain stable for Pumpkin Seed Carrier Oil.

Babassu Carrier Oil

High season for harvesting Babassu palm kernels runs from August to February in Brazil. Production conditions have been good this year despite the propensity for fires in September and October to pose a threat. The current growing season is anticipated to yield a harvest that is approximately 15% higher than it was in 2020. Increased local costs combined with inflation and staggering logistical costs are likely to increases prices for the crude oil, although it will be difficult for suppliers to assess the exact impact.



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