Greece: Recovery in agreements with pharmaceuticals chases domestic lavender production

Published 2020년 10월 28일

Tridge summary

Lavender oil producers in Greece are facing a significant drop in demand and prices, with the market offering only 32 to 40 euros per kilo, compared to 50 euros last year. This has led to a financial strain for producers, especially after a poor year in 2019. The low demand and prices are attributed to decreased interest from Bulgarian traders and an oversupply of stocks. Some producers have turned to companies in France, Canada, and India in hope of finding better prices. The essential oil of Hebrew lavender, which is exported mainly to Bulgaria and France, is expected to reach a normal yield in the 3rd and 4th year of cultivation, producing up to 500 kg of essential oil in the fourth year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Almost three months after the completion of the crop of the plant, the demand for lavender oil is indulgently anecdotal, and even in cases where there is a commercial impact, it is done in financial terms that make it more profitable for the producers. γενη γενόµενη. "The worry is that demand has fallen on the Tartars. It is a difficult situation. The producers are waiting for the emergence of commercial interest from the market, but at least for the time being, unfortunately, they do not see the light and do not know where to attribute the causes ", explains Haris Savvas, producer, but also a representative of the Aromatic Cooperative. Before the distillation, some traders from Bulgaria visited the area - as it happens every year - but for inexplicable reasons, their interest immediately faded. "Prices from 32 to 40 euros per kilo were heard. In words, however, because from actions you are at zero ", said Mr. Savvas and added that given that last year did not develop well, since ...
Source: GRAgronews

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