Buddawood Oil Eremophila mitchellii Harvest: March - October

There is consistent oil supply. Two MT of oil was produced in 2021.There is low demand for the oil. The shutting of duty-free has had a direct impact. The fragrance industry is a major consumer of buddawood oil. Luxury items are low priority at the moment.

Eucalyptus Radiata Oil Eucalyptus radiata Harvest: April - November

This year the production of eucalyptus radiata oil in Australia was over 6 MT. The oil market has mostly been stable with no major fluctuations. Demand for the oil has been strong this year.

Lemon Myrtle Oil Backhousia citriodora Harvest: June - August

Production in 2021 touched the 3 MT figure. A steady production and processing cycle is undertaken in Australia. Companies dealing with aromatherapy products have shown interest in the oil due to its appealing fragrance. Its usage has grown significantly.

Sandalwood Oil Santalum spicatum Harvest: March - October

The market is stable, though closure of duty-free has impacted sandalwood demand. A large consumer of the oil is the fine fragrance industry.

Tea Tree Oil Melaleuca alternifolia Harvest: May - November

Floods were responsible for reduced oil production in 2020. Last year production fell to 700 MT, though 2021 has seen production numbers reach 1,000 MT. There is a healthy demand for the oil in the market. The challenge for Australian farmers is varieties coming from other sources. This has increased competition. However, the oil price continues to be stable.

Basil Oil Ocimum basilicum Harvest: November - February

Estragole requirements can be covered presently. The new crop has arrived in the market. In terms of price, fluctuations are being witnessed at the moment.

Cornmint Oil Mentha arvensis Harvest: May - July

Logistical issues continue to adversely affect production. High freight prices are responsible for expensive quotations. There is a healthy demand for DMO (dementholised oil), and fractions like cis-3-hexanol. This is keeping crude DMO prices high. In fact, DMO varieties with high menthol content are priced in the same bracket as menthol. On the other hand, the demand for menthol crystals is average. This has kept the price of finished menthol products at a low level. Mentha oil prices are firm in the market, primarily due to low supply of crude from farmers and stockholders.

 The current market price is not favourable for farmers. Around 1,500 MT of raw material is coming from Madhya Pradesh. This will help keep the market stable for the time being, but the upcoming crop in 2022 is expected to be lower than 2021. This will strain the supply of crude oil, and prices will rise in the coming quarter. Demand has been recovering post COVID, thus it is advisable to keep stocks.

Synthetic menthol is being imported into India in large quantities. Prices are under check due to the constant supply of synthetics. This despite menthol powder being exported to China on a regular basis.

Lemongrass Oil Cymbopogon citratus Harvest: July - November

It is advisable to keep required stock. There is healthy demand for the oil in the market. Fresh production should commence soon. But the oil price is high, and no reduction is expected in the near future.

Peppermint Oil Mentha piperita Harvest: April - July

Spearmint Oil Mentha spicata Harvest: July - August

All eyes are on the upcoming harvest in 2022. The current availability is at unhealthy levels. The product prevalent in the market is the adulterated version. At present, the oil price is at an all-time high.

Citronella Oil Cymbopogon winterianus Harvest: October - February

There is steady demand for the oil, though supply is limited, and logistic costs have escalated. Farmers lost interest in citronella due to diminishing returns. This led to reduced oil production. Currently the oil price is rising because of the demand-supply dynamics. This trend is expected to continue for the coming months.

Clove Oil Eugenia caryophyllata Harvest: May - September

Weather has not been conducive for clove this year. Rains are still persistent. Lack of a dry spell is responsible for low raw material availability. This has led to a rise in the oil price.

Nutmeg Oil Myristica fragrans Harvest: All Year

The stock for minimum 10% myristcin material is extremely limited. The new normal is 8-9% myristicin. At present, the oil supply in the market is less than the demand.

Patchouli Oil Pogostemon cablin Harvest: All Year

Currently, supply is exceeding demand. This is due to increased oil production. Prices have been stable.

Vetiver Oil Vetiveria zizanioides Harvest: January - July

There is a steady demand for the oil, though the crop has become unsustainable for farmers due to the low market price. This almost halted production and price has doubled in the past three months. The Indonesian vetiver variety has a smoky note. Even though it is not preferable, it could potentially replace the Haiti variety in certain formulas. This is because of the geopolitical issues in Haiti, which have become a hindrance to vetiver production. Until the recent instability, Haiti was the leading global producer of vetiver.

Bergamot Oil Citrus bergamia Harvest: November - March

Bergamot had a bumper crop in 2020/21 of 34,650 MT, though in the coming year it is expected to return to volumes produced in the previous two seasons produced from 1,650 ha. Local farmers continue to show interest in bergamot. It occupies just over 1% of cultivated citrus land. Almost all the bergamot crop is processed.

Clementine Oil Citrus nobilis

Clementine is a natural hybrid of mandarin and sweet orange, and in terms of volume the second largest citrus fruit grown in Italy. Output in 2021/22 is forecast to grow by 3% to almost 700,000 MT produced from 26,000 ha. Approximately 20% of clementine are processed, a lower processed level than any other major Italian citrus fruit.

Lemon Oil Citrus limon (L.) Burm. F. Harvest: November - January, April - July

Lemon production in 2020/21 was estimated at 475,000 MT from 25,000 ha. The harvest is expected to decline by 30% in 2021/22. This will directly impact the volumes available for processing, which could come down by a quarter. Approximately 35% of lemon output is processed.

Mandarin Oil Citrus reticulata Harvest: February - May

Mandarin is grown on 8,500 ha, approximately 6% of cultivable citrus land. Production in 2020/21 was 150,000 MT. In the 2021/22 season a 30% decline in the harvest is expected with output at 105,000 MT resulting in a similar decline in processing volumes. Approximately 25% of the mandarin crop is processed.

Orange Oil CP Citrus sinensis Harvest: March - May

Orange accounts for almost 60% of Italian citrus fruit production and is grown on 82,000 ha. of which 65% is dedicated to navel and other blond oranges and 34% to blood oranges. The harvest in the coming year is expected to decline by a potential 40%. This will impact the volume of oranges processed which has been estimated at 40% of output but can be even higher.

Manuka Oil Leptospermum scoparium Harvest: April - October

Grapefruit Oil Citrus paradisi Harvest: December - April

The USDA upped its estimate on 2021/22 US grapefruit production to 11.1 million boxes compared with 10.4 million the previous year. It is now predicting Florida will produce 4.1 million boxes up from 3.3 million boxes in October and November. Red grapefruit will account for 3.3 million boxes and white grapefruit at 800,000 boxes. In both cases, fruit size is predicted as above average and droppage below average. The forecast for California grapefruit production, 3.9 million boxes, is unchanged from last season. Texas grapefruit production is expected to increase from 2.4 million boxes last season to 3.1 million boxes this season.

Lemon Oil Citrus limon (L.) Burm. F. Harvest: May - July

California dominates US lemon production, with the USDA forecasting Californian production in 2021/2022 of 21 million boxes out of US production of 22.3 million boxes, Arizona accounting for the remainder. Estimated total production is slightly up on 2020/21 levels but substantially below earlier years.

Orange Oil Citrus sinensis Harvest: February - May

In mid-December the USDA presented its latest citrus crop forecast with total USA orange production in the 2021/22 season expected to reach 90.05 million boxes, split almost equally between Florida (46 million boxes) and California (43.5 million). The projection for Florida Valencia oranges at 28 million boxes has not changed, while forecasters now say Florida will produce 18 million boxes of non-Valencia oranges, down from a projection of 19 million boxes in October and November. Though the reduction is slight, it comes amid a years-long slide in those projections, with the forecast already the lowest in at least 25 years. However, this year is unlikely to be worst in terms of final production since during the 2017/18 season Florida produced fewer than 19 million boxes of oranges and 3.9 million boxes of grapefruit due to the impact of Hurricane Irma.

Fruit drop has severely impacted orange yield in Florida. According to the USDA citrus crop forecast, the estimate of fruit drop for early/mid-season and Valencia oranges was 43% and 34% respectively. There are four basic parameters that are assessed in compiling the forecasts: the number of bearing trees, number of fruits per tree, fruit size and fruit loss from droppage. The first two of these parameters have the greatest influence on the forecast.