The prices of Oregano Oleoresin remained stable during the second half of 2024. Oregano Oleoresin, a concentrated natural extract derived from the leaves and flowers of the oregano plant, contains essential oils and resinous compounds that impart a distinctive aroma when added to food. Due to these properties, it serves as a valuable ingredient in the food and culinary sectors, primarily as a flavoring and aromatic agent.
The price stability of Oregano Oleoresin was largely influenced by the production and supply of its primary feedstock, oregano (thyme). Turkey remained the dominant producer, with the Denizli region accounting for nearly 90% of the country's oregano output. In 2024, thyme yields in the region were expected to range between 12,000 and 14,000 tonnes, contributing to an estimated global production of 25,000 tonnes.
The consistent availability of oregano ensured steady prices and facilitated procurement for downstream industries. Overall, stable production and a reliable supply of feedstock resulted in minimal price fluctuations for Oregano Oleoresin during the second half of 2024.