ESSENTIAL OILS : SUPPLY, DEMAND AND PRICE DETERMINATION

Author:	N. Verlet
Abstract: The present pattern of the production and trade of essential oils reflects a far reaching evolution since the beginning of the century. Two main aspects may be pointed out : a competitive supply side, with more and more producers, a complex situtation in relation to demand, with a great increase in industrial turnover and expansion in the ranges of uses of essential oils ; however, at the same time synthetic alternatives pose a serious threat especially in perfumery.
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