Friday, June 10, 2011

Bulgarian rose oil distilleries expect good revenues for ingredient used in luxury perfurmes

SOFIA, Bulgaria — Bulgaria’s rose oil distilleries are expecting high revenues this season from the production of the precious ingredient used in luxury perfumes worldwide.
Distillery owner Filip Lissicharov said on Thursday that due to a cold spring the annual output of rose oil could fall below 1,500 kilograms (3,300 pounds). That would boost prices, which have already been rising on improved demand, further increasing revenue.
 This Wednesday, June 8, 2011 photo shows a sample of rose oil, held by a tourist at Rose essential oil distillery in the village of Tarnichene, Bulgaria. Bulgaria is traditionally one of the biggest world exporters of rose oil along with Morocco and neighbouring Turkey. Today Bulgaria exports up to 1,500 kilograms a year of pure rose oil of the highest grade from its current 3,500 hectares of gardens mainly to United States, France, United Kingdom, Japan and Switzerland.
“Prices will likely go up this year because there is a stronger demand on the international market for rose oil,” Lissicharov told the AP.
Bulgaria is one of the world’s largest exporters of rose oil along with Turkey and Morocco.
The oil is traditionally used for the highest-grade perfumes in the world, but also in the pharmaceutical industry and as an ingredient in some foods. Main buyers are France and the United States, Lissicharov said.
Lissicharov’s company, Enio Bonchev Production, runs the oldest rose oil extraction facility in the country. It is located in the Rose Valley, an area of 3,500 hectares (8,750 acre) in central Bulgaria and provides a livelihood, at least seasonally, to some 40,000 people.
The process of extracting rose oil is unique. It takes approximately 3,500 kilograms (7,700 pounds) of rose petals to produce one kilogram (2.2 pounds) of pure rose oil.


By Associated Press


Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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