ECSA Trade Cosmetics and Detergents | Market report preview 09.2022

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SEPTEMBER 2022 ECSA TRADE COSMETICS & DETERGENTS MARKET REPORT

SEPTEMBER 2022<br />

<strong>ECSA</strong> TRADE<br />

COSMETICS & DETERGENTS<br />

MARKET REPORT


What’s going on in the market?<br />

ALMOND OIL<br />

California’s 2022 almond production is forecast at 2.60<br />

billion meat pounds, down 7% from May’s subjective<br />

forecast <strong>and</strong> 11% lower than last year’s crop of 2.92 billion<br />

meat pounds. The forecast is based on 1.37 million bearing<br />

acres. Production for the Nonpareil variety is forecast at<br />

1.00 billion meat pounds, 12% percent below last year’s<br />

deliveries of 1.13 billion meat pounds. The Nonpareil<br />

variety represents 38% of California’s total almond<br />

production.<br />

The almond bloom began in early February with favorable<br />

weather for pollination. Warm temperatures encouraged a<br />

shorter bloom period than has occurred in recent years.<br />

Some areas were hit by a freeze that occurred during the<br />

last week in February. Frost damage was observed, with<br />

<strong>report</strong>s that some acres would be left unharvested without<br />

an adequate nut set. As drought conditions persist, water<br />

availability is a top concern for almond growers. Harvest is<br />

expected to begin in the next month.<br />

Price should remain at the high level at least till the end of<br />

the year.<br />

3


CONTENT HUB<br />

RSPO: ROUNDTABLE ON SUSTAINABLE PALM OIL<br />

Palm fruit oil <strong>and</strong> palm seed oil (the latter also called palm<br />

kernel oil) are vegetable oils obtained from oil palms.<br />

The use of palm oil has grown steadily in recent years,<br />

so much so that it has become not only one of the main<br />

ingredients of the food industry but also a very important<br />

raw material in various sectors, such as cosmetics. For this<br />

reason, has emerged the need to provide precise st<strong>and</strong>ards that can<br />

promote the growth <strong>and</strong> use of palm oil-based products resulting from<br />

the responsible management of oil palm plantations that have now<br />

become so important for numerous production chains.<br />

Cecilia Picinotti<br />

Quality assurance<br />

& CLP Assistant<br />

WHAT IS RSPO?<br />

RSPO – Roundtable on Sustainable Palm Oil<br />

is a non-profit association that aims to promote the cultivation <strong>and</strong> use of sustainable palm oil through global certification st<strong>and</strong>ards.<br />

The main objective of RSPO is therefore to encourage not only the cultivation but also the use of sustainable palm<br />

oil in order to reduce the environmental <strong>and</strong> social impacts resulting from the cultivation of this type of oil.<br />

The RSPO certification is therefore the main international sustainability st<strong>and</strong>ard that guarantees the production<br />

<strong>and</strong> trade of palm oil obtained without damaging the living conditions of the communities <strong>and</strong> local biodiversity.<br />

To promote this kind of sustainable business, RSPO has four different types of models/certifications:<br />

• Preservation of identity<br />

• Segregation<br />

• Mass balance<br />

• Book <strong>and</strong> Claim<br />

While the first three models allow the physical control of palm oil throughout the supply chain, the last supports the<br />

production of sustainable palm oil through the sale of certificates.<br />

18


This is just<br />

a sneak peek...<br />

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> 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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