# Flavours and fragrances: Trading

How flavour houses price each recipe against a brief

Source page: https://www.materialinsights.org/chemicals/flavours_fragrances/trading/

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

#### Who buys, and where

- Compounds from Givaudan, dsm-firmenich, IFF, Symrise and mid-sized houses
- Aroma chemicals from BASF, Symrise, Chinese and Indian producers
- Naturals from Indian, Chinese, Madagascan and Brazilian processors

#### Who sells, and from where

- Consumer goods companies (Unilever, P&G, Nestlé, PepsiCo, Hindustan Unilever) under core supplier lists
- Regional food and personal care makers
- Perfume brands

#### Price benchmarks

| Benchmark | Publisher | Basis |
|---|---|---|
| **none for compounds; naturals and aroma chemicals priced bilaterally** | not applicable | contract |

#### Exchanges

| Venue | Contract | Notes |
|---|---|---|
| **Multi Commodity Exchange of India** | mentha oil futures (indicative) | Liquidity has been limited; check current listing |

#### Contract types

- Multi-year core list agreements with large consumer goods companies
- Brief-based awards for new products
- Annual supply contracts for aroma chemicals

#### Traders and distributors

- Ingredient brokers and distributors for naturals (indicative)

#### How Indian buyers price it

- Global houses set compound prices per kg against each brief
- Natural menthol and mint oil prices follow the Uttar Pradesh crop and synthetic menthol competition
- Aroma chemicals priced against Chinese export offers

#### Recent price points

| Date | Price | Basis | Source |
|---|---|---|---|
| 2025 | **not published for compounds or aroma chemicals** | bilateral | no public benchmark found |

#### Good sources to follow
[Perfumer & Flavorist](https://www.perfumerflavorist.com)freemium newsletter · Allured Business Media

F&F market data, ingredients and company news
[Givaudan results and reports](https://www.givaudan.com/print/2745501)free research site · Givaudan

Market leader's growth, margin and climate disclosures
[Indian Chemical News](https://www.indianchemicalnews.com)free newsletter · Indian Chemical News

Indian specialty chemical company news
[Chemical Weekly](https://www.chemicalweekly.com)freemium newsletter · Sevak Publications

Indian chemical prices and industry analysis

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/flavours_fragrances/index.md)
- [Overview](https://www.materialinsights.org/chemicals/flavours_fragrances/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/flavours_fragrances/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/flavours_fragrances/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/flavours_fragrances/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/flavours_fragrances/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/flavours_fragrances/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/flavours_fragrances/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/flavours_fragrances/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/flavours_fragrances/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/flavours_fragrances/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/flavours_fragrances/links/index.md)