Harvest: All Year
Patchouli supplies from Sulawesi have started to slow down quickly as we approach a period of smaller harvesting (seasonal formalities), which comes after a very strong couple of months of sales. As a result, stocks have been significantly depleted and there have been some upward price movements in the local market. Those collecting material are now paying 20,000-25,000 IDR more per kg, which is the equivalent of $2 or 10% in real terms. After a long period during which there was the idea that the market must have bottomed, it most certainly seems to be the case now, with this period already behind us.
Patchouli supplies from Sumatra have been stable (although in much smaller volumes than those from Sulawesi) but a recent surge in demand from the market has helped push prices up.
Overall it still remains a very good time to invest in patchouli stocks. For those waiting for prices to keep falling you may have already waited too long, with many large buyers having jumped into the market in recent weeks and most processors now having to buy fresh material at today’s new price levels.
Market prices USD 35.00 - USD 50.00 /kilo