Curcuma Oleoresin Price Trend and Forecast

Curcuma Oleoresin Regional Price Overview

Get the latest insights on price movement and trend analysis of Curcuma Oleoresin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Curcuma Oleoresin Price Trend for the First Half of 2024

In the first half of 2024, the price trend for curcuma oleoresin experienced notable fluctuations, closely mirroring the behavior of the turmeric market. Curcuma oleoresin, a concentrated extract derived from turmeric, is directly influenced by the supply and demand dynamics of the turmeric market. As turmeric prices surged to record highs early in the year, driven by reduced crop yields and tight supplies, curcuma oleoresin followed a similar upward trajectory.
 

Curcuma Oleoresin Price Chart

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However, In the second half of the first half of 2024, curcuma oleoresin prices declined slightly, reflecting the broader turmeric market trends. This decline was primarily driven by new crop arrivals that increased supply, easing the earlier tight market conditions. Additionally, there was a temporary reduction in demand as buyers became cautious following the earlier price surge. As turmeric stocks began to replenish and market conditions stabilized, the price of curcuma oleoresin followed suit, experiencing a downturn. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, the short-term projections suggest a similar oscillating run of the Curcuma Oleoresin’s market trajectory. However, prices are set for a rebound post the festive season in India, as the demand will pick up during that time.
 

Curcuma Oleoresin Price Trend for the Second Half of 2023

In the second half of 2023, curcuma oleoresin prices exhibited a trend of stabilization, reflecting the steady behavior observed in the turmeric market. As a concentrated extract made from turmeric, curcuma oleoresin's market dynamics are closely tied to the fluctuations in turmeric prices.  During this period, turmeric prices remained consistent due to sustained global demand and stable auction activity, which in turn influenced curcuma oleoresin to follow a similar pattern.

In the early months of the said span, rising turmeric prices, driven by increased demand and lower availability, had led to a corresponding increase in curcuma oleoresin prices. However, as the turmeric market began to level off in the latter half of 2023 attributed to strong export demand and consistent supply—curcuma oleoresin prices also steadied. Conclusively, the curcuma oleoresin prices were found closely following the feedstock turmeric prices during the said period of H2'23. Overall, a varying price trend was witnessed.

Analyst Insight

According to Procurement Resource, given the current supply behaviors and crop yield estimations, the Curcuma Oleoresin prices are expected to shoot in the upcoming quarters.
 

Curcuma Oleoresin Price Trend for the First Half of 2023

Curcuma Oleoresin is directly extracted from the turmeric plant, so the price trend of Curcuma Oleoresin directly follow that of turmeric plants.

The first half of 2023 witnessed mixed market behavior for the Curcuma Oleoresin market. The consuming sectors posed high demands during the COVID-19 times because of its immunity-boosting properties, so the farmers grew more turmeric, expecting higher profits. But the demand dipped, and the prices crashed, declining the Curcuma Oleoresin price trend, and these trend lasted till the middle of the second quarter. Farmers preferred storing their produce to sell it at much cheaper prices.

But things took a turn when the untimely, unexpected rains started ruining the stored turmeric produce. Unforeseen climate changes adversely affected the crop yields, creating a supply constraint and forcing the Curcuma Oleoresin prices to shoot up immediately in the mid-Q2. Overall, mixed price sentiments were observed.

Analyst Insight

According to Procurement Resource, Curcuma Oleoresin prices are expected to rise further in the upcoming months since the supplies are constricted amidst steady demands.

Procurement Resource provides latest prices of Curcuma Oleoresin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.