066a5b44_Herb___Spice_Market__2
[0] NUTMEG [1] VERY FIRM [2] 
At the start of October there is has been a short spell of price stability in an inherently firm market which we have been reporting for the past two years. In this situation it is worth reflecting on the market price of Sri Lankan BWP Nutmegs, which are most suitable for extraction of Oleoresin Nutmeg, which are now over 4 times what they were two years ago. The BWP season is finished now and in India unseasonal rains have damaged the flowers of the next crop resulting in a forecast reduction of up to -40%, so the situation is predicted to worsen. The price of Nutmeg Oil continues to firm up, if not at quite such an alarming rate.
Herb & Spice Market
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