Turkish oregano farm grade price around all time high at TRY 22 per kg (USD 2.3 per kg)

Turkish oregano farm grade is currently being traded around TRY 22 per kg (USD 2.3 per kg). Generally, farm-grade oregano prices have barely exceeded USD 2 per kg (except the speculative increase in 2008, from TRY 1 to TRY 10). The price rise is the consequence of severe droughts, which decreased oregano yields by nearly 50%, whereas the demand remains nearly the same. Turkey supplies more than 80% of the world’s oregano demand and the prices skyrocketed due to scarcity of supply.
Currently, it is estimated that there is only 1 KMT available stocks for farmers, and because the new season is 8 months ahead, it is expected that exporters will not be able to meet the demand.