Fennel Seed Oil Price Trend and Forecast

Fennel Seed Oil Regional Price Overview

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

Fennel Seed Oil Price Trend for the Second Half of 2023

Fennel Seed Oil saw a significant surge in prices during the said period of H2 of 2023. The prices for fennel seed oil rallied behind the growing prices of its feedstock fennel seeds. Gujrat, the highest fennel-producing state in India, registered around three times growth in the fennel acreage.
 

Fennel Seed Oil Price Chart

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This was due to the hiked prices and revenues fennel yielded this year. Gujrat sowed around 1.26 lakh hectares of area with fennel this rabi sowing season compared to the 46327 hectares of the previous year. These numbers clearly indicate a surge in the fennel seed oil prices during the last two quarters of 2023.

Analyst insight

According to Procurement Resource, given the anticipated increase in Fennel Seed Oil supply in the coming months, the market will strive for stabilization. However, the prices will continue to rally high for some time in the coming months.
 

Fennel Seed Oil Price Trend for the First Half of 2023

Fennel Seed Oil is milled out of dried fennel seeds, so the market trend generally mimic even the minor fluctuations in the fennel seed prices. Fennel seeds are also extensively used in Indian kitchens as a spice. Fennel Seed Oil is widely used in traditional medicinal practices for its pleasant and soothing aroma along with various aperitif, antiseptic, and antispasmodic qualities.

Fennel has emerged as a high-demand crop in the last few years. In 2023, many farmers pivoted to fennel farming, expecting higher profits. The rising demands caused the fennel and its allied products, namely Fennel Seed Oil prices, to rise throughout the discussed period. Overall, the prices and exports both rose for Fennel Seed Oil, especially in the Indian market.

Analyst Insight

According to Procurement Resource, with the given demand dynamics, the Fennel Seed Oil is likely to continue its high run in the upcoming months as well.

Procurement Resource provides latest prices of SLES (Sodium lauryl Ether sulfate). 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; customization of price currencies and unit; extraction of price data as excel files to be used offline.