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Market Report April 2002
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Geranium Oil
Lemon Oil
Neroli Oil
Pepper Black/Vanilla
Rosemary Oil
Sandalwood oil
7th Amendment Cosmetic Directive
The legislation requires that 26 common fragrance ingredients must appear on product
labels when used in fragrances, shampoos, soaps, lotions, massage blends and similar. The
most likely result is that ingredients be declared at levels exceeding 100ppm (0.010%) in
wash-off products and 10ppm (0.001%) in leave-on products. From the list, 16 'ingredients'
occur in a vast majority of essential oils. As per the IFEAT notice, they are, along with
just SOME of the oils affected:
If you would like a complete list, I can fax a copy, ...just ask!
This legislation follows on from the 6th Amendment, which was
mostly centred on animal testing. The 7th Amendment, allegedly,
is supposed to protect the very small percentage of consumers
that may have an allergic reaction... but this legislation will
not help the consumer at large, only confuse the issue further.
If you have an allergy to cosmetic products, then avoid them,
but this 7th Amendment is complete overkill.. If this tosh becomes
law, it will have a devastating effect on the essential oil industry,
not just in Europe, but around the globe. At the encouragement of
IFEAT, we must contact our respective members of the European
parliament and object, protest or even bitch about this illogical
proposition. If you need to know who your Euro MP is go to
www.europa.eu.int or call me, and I will tell you.
If you need a draft letter, I can give that to you too.
Please, let me have any feedback from your Euro MP and don't let them vote for
the legislation if they don't know what they are voting for. Most of our
customers have already written and received a positive response. However, please
don't just sit on your behind like the Aromatherapy Trade
Council, who assumed we were in no danger, and did absolutely
nothing, until we urged them to get off their behinds and do
something...
We will keep posting updates as we receive further information.
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Egyptian prices continue to increase on news that stocks of the last Chinese crop are now
sold. The next crop is due in May/June but no details from source as yet regarding potential
size of the crop. Do check the Geraniol content of your Chinese material, as some poor
quality parcels have come on to the market with Geraniol levels around 3 per cent, half
the average expected. A number of South African suppliers have started to offer material
and quality is quite good in comparison to the Chinese material.
The deepening economic crisis in Argentina means the oil producers are ever more needful of
export dollars. Prices for lemon oil continue to slide and will no doubt force the US and
Spanish producers to follow suit.
It is safe to assume that this year's crop will be poor in comparison to previous
years and large price increases can be expected. The drought conditions across
North Africa will have an adverse effect on both Tunisian and Moroccan
production. Distillation in Spain has been hampered by the unseasonally wet
weather and hardly any oil has been produced.
A depressed market has encouraged a number of Indian farmers to move away from Black Pepper
and plant Vanilla instead. The exceptionally high prices available for Vanilla beans on the
world markets means India hopes to produce at least 15 tonnes this year with enthusiastic
sources claiming they can reach 100 tonnes by 2006, although this seems somewhat unrealistic.
The quality is accepted by many of the spice traders but still somewhat inferior to the
Bourbon beans.
New crop Moroccan and Tunisian material is being offered at prices higher than last year's
levels. Poor weather is again being blamed for the increases.
Demand still exceeds supply, with prices about USD$55/kilo higher than in February. Most of
the larger consumers are either covered or are not buying at these levels. A number of traders
in India have defaulted since they did not obtain the necessary licence to export the oil.
Last month we briefly alerted you to the pending legislation which will seriously
affect the usage of essential oils, especially in value-added and finished products.
Our lead organisation, IFEAT, circulated all members regarding the proposed regulation
in order to highlight the serious implications to our industries, whether they be
essential oils, aromatherapy, cosmetics, toiletries or other allied trades.
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