Bulgaria is home to the largest growing area in the world for lavender oil, producing each year between 100 MT-130 MT (depending mainly on climatic conditions).
Distilled from the plant flower spikes, lavender oil is one of the world's most traditional essential oils frequently used in fragrances and aromatherapy, despite little evidence proving its therapeutic values.
Ultra International B.V. offers the highest grade of Bulgarian lavender oil which boasts a lavandulyl acetate content on average around 4% (industry average is 2%). To achieve this we hand select the plants from certain growing partners in Bulgaria to ensure we are able to offer our clients this premium oil each season.
Harvesting usually begins during the first two weeks of July and the season lasts around 2 weeks.
The lavender market is currently marked by a prevailing feeling of trepidation among farmers. A significant jump in the number of lavender plantations compounded by a surplus carryover stock from last year has led to plummeting prices of lavender oil. Despite reasonably good weather and soil conditions, and blossoms flourishing as expected, prices have dropped due to higher production. The harvest period is not over yet, but evidently prices are not going to touch even last year’s figures. Farmers are apprehensive that they may drop further. Some of the current prices are lower than the basic production costs, with distilling and logistics expenses being borne by the producer. In this scenario, it is natural that farmers are reluctant to sell bulk stock, and are hoping for a price correction in the coming months.
In hopes of cashing in on the popularity of lavender, many planters began harvesting at a time when the flowers do not contain seeds. The resultant output was substandard both in quality and quantity. Though there are oil supplies available in the market, clients are asking for prices which are below the expenses of distillation. Many of the established buyers in areas like Shumen are not ordering lavender. In this scenario farmers are prone to holding their stocks till December before selling.
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