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.
Bulgaria reports that domestic producers do not have a good forecast for lavender oil. The weather is a big factor, but as most gardens have been cut in the off-season, there is no likelihood of over production. Stocks in Bulgaria are exceptionally low at the moment. Forecasts predict that supply will be short and unable to meet demand, leading to a price hike, as in 2017. Demand is still strong but limited drums are available. With the prevailing tense situation companies have been calculating their remaining needs and have started to stock up until the new crop arrives. Similar conditions are predicted to prevail for the coming two months. The new crop harvest will become available in August. If it is a good crop with better yields then this may satisfy current demand, and lower prices. However, if the weather conditions are not supportive, then there may be a continued supply deficit leading to excess demand and elevated prices.
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