ECSA Trade Flavours and Fragrances | Market report preview 10.2020
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OCTOBER 2020<br />
<strong>ECSA</strong> TRADE<br />
FLAVOURS & FRAGRANCES<br />
MARKET REPORT
ALLYL EPTANOATE /<br />
ALLYL CAPROATE (ALLYL<br />
HEXANOATE)<br />
Allyl heptanoate has a fruitypineapple<br />
<strong>and</strong> banana odour. It is<br />
used as flavour in tropical fruit <strong>and</strong><br />
as fragrance for fruity <strong>and</strong> floral<br />
composition. Allyl Hexanoate<br />
(most known as Allyl Caproate)<br />
has a pineapple like taste. Current<br />
prices of both products are stable.<br />
We have stock of Allyl heptanoate<br />
<strong>and</strong> we will receive soon Allyl<br />
Caproate. Do not hesitate to send<br />
us an offer request.<br />
ANETHOLE EX-STAR ANISE<br />
We are now in the season of the new harvest of star anise in<br />
China. Since the new crop is just started in July <strong>and</strong> will last<br />
until October, it is still too early to say what the situation<br />
will be like in the near future. Star anise <strong>and</strong> derivatives<br />
have been in shortage in the past 12 months. Moreover,<br />
star anise is recognized for its anti-virus property, which<br />
will make it even more popular during p<strong>and</strong>emic period.<br />
Even if the harvest would be stable, the price of star anise<br />
<strong>and</strong> derivatives might go up in Autumn <strong>and</strong> wintertime<br />
again.<br />
WHAT’S<br />
BENZYL BENZOATE<br />
Benzyl benzoate is in oversupply <strong>and</strong> quotations are<br />
slightly cheaper compared to begin 2020. New capacity has<br />
arrived on the market in the last 12 months, whereas the<br />
dem<strong>and</strong> has not increased as previously expected because<br />
of COVID. Currently price for 1 FCL Benzyl benzoate is<br />
around 2.0 USD/kg CFR. Price level should stay stable<br />
during the next months.<br />
GOING ON<br />
IN<br />
MARKET?<br />
THE<br />
2
FAMI-QS:<br />
<strong>ECSA</strong> IS A CERTIFIED COMPANY<br />
FOR SPECIALTY FEEDS<br />
The numerous certifications obtained by <strong>ECSA</strong> over<br />
the years are proof of the company’s efforts <strong>and</strong> interest<br />
in numerous fields, ranging from product <strong>and</strong> process<br />
quality to managing supply procedures <strong>and</strong> delivering<br />
supplies. <strong>ECSA</strong> Chemicals has a team dedicated entirely<br />
to the activities related to national <strong>and</strong> international laws;<br />
in January 2020, it started working to achieve FAMI-QS<br />
certification.<br />
FAMI-QS is a certificate focused on specialty feeds<br />
<strong>and</strong> on the mixture of ingredients they contain. It is<br />
the European code of good practices for companies<br />
active in the sector of additives <strong>and</strong> pre-mixtures for<br />
specialty feeds. Its aim is the management of the various<br />
processing phases while ensuring full hygiene <strong>and</strong> safety.<br />
The st<strong>and</strong>ard can be applied to all the links in the chain<br />
(including separately), e.g. transport, laboratories for the<br />
analyses of these products, <strong>and</strong> can be extended to sellers<br />
such as <strong>ECSA</strong>. Obtaining this certification confirms that<br />
the entire supply chain, from “field to plate” is safe <strong>and</strong><br />
certified.<br />
“In recent years, there has<br />
been growing interest in<br />
this type of certification,”<br />
says Enrico Barni, Quality<br />
Manager. “Having FAMI-QS<br />
certification opens new markets to <strong>ECSA</strong> <strong>and</strong><br />
also offers greater peace of mind <strong>and</strong> safety to our<br />
customers, who will no longer have to organise<br />
audits themselves - they will immediately have<br />
the guarantee that every product meets safety<br />
st<strong>and</strong>ards in every link of the supply chain.”<br />
FAMI-QS is a recently introduced st<strong>and</strong>ard that is not<br />
widespread yet, so it gives a competitive advantage to<br />
certified companies, especially in international markets.<br />
DOWNLOAD <strong>ECSA</strong> CHEMICALS FAMI CERTIFICATE<br />
DOWNLOAD <strong>ECSA</strong> ITALIA FAMI CERTIFICATE<br />
22
This is just<br />
a sneak peek...<br />
Wanna read more?<br />
> Products trends commented by <strong>ECSA</strong> experts<br />
> Up to date analysis about the World economic situation<br />
> A quick overview of price trends<br />
> News about <strong>ECSA</strong> Chemicals<br />
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