Patchouli Oil Crude Price Trend and Forecast

Patchouli Oil Crude Regional Price Overview

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

Patchouli Oil Crude Price Trend for the Second Half of 2024

During the latter half of 2024, the market for patchouli oil crude experienced a significant price increase, primarily due to production issues and rising demand. Patchouli oil is harvested from the Pogostemon cablin plant and typically distilled about six months after planting. As prices rose, many farmers began distilling the oil earlier, around five months after planting, which resulted in a decrease in oil quality. However, farmers chose to hold back 50% of their production, anticipating higher prices in the future.
 

Patchouli Oil Crude Price Chart

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The situation was further complicated by a lack of rainfall, raising concerns about crop yields. Although patchouli plants can survive without rain for up to a month, prolonged dry conditions indicated potential challenges for future harvests. These weather conditions added to the price pressure, making the market more volatile. The tightening supply led some companies that use patchouli oil to reformulate their products to reduce their dependence on it. Indonesia, the world's leading patchouli producer, struggled to meet high global demand, with yields falling short amid ongoing supply disruptions. Overall, patchouli oil crude prices saw upward movements in the second half of 2024.

Analyst Insight

According to Procurement Resource, the patchouli oil crude price graph is expected to continue the upward movements in the coming months until the supply of the feedstock normalises.

Procurement Resource provides latest prices of Patchouli Oil Crude. 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.