The story here is that most of the key RM for Camphor comes from imports, specifically from Brazil.
Due to poor prices, pine farmers chose to prepare fewer trees for pining in this crop cycle. As a result, inventories of this RM have fallen, and from April, demand has suddenly come back for aroma chemicals.
Based on my best guess, camphor WPI should be around 130-135 in April, but the high demand season for camphor begins from July onwards. If current RM pricing trends continue, we could see a very good price cycle for camphor.
Disclosure: invested in Privi, Mangalam and Kanchi. These form some 10% of my portfolio. Transactions in the last 30 days.
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