Tag: Orange Oil

Throughout the initial half of 2023, Orange Oil prices followed an upward trajectory, driven not only by projected factors but also due to elevated production costs. Adverse weather conditions and a severe bacterial infection significantly diminished farming yields and inflicted irreparable damage upon orange trees due to an incurable citrus greening disease caused by insects. Unforeseen natural disasters such as typhoons and hurricanes further disrupted orange production, leading to a substantial loss of trees. Consequently, the limited availability of feedstock propelled Orange Oil prices upward during the entire period under…