Herbridge,20 August 2010_With increased domestic and overseas demand for natural pigments,this market is expanding in China.Raw materials supply issues caused by climates among others give no chances for manufacturers to cheer.These include paprika oleoresin,gardenia yellow and cochineal.
According to herbridge.com,the gardenia yellow market finally became stable in May after long-term fluctuation.The prices for products in stocks are slightly low compared with new products.The prices for E>250 gardenia yellow range from ¥2.5 to ¥3 per color value.It is predicted that the prices would have no change before the new harvest.
Gardenia mainly grows in Guangxi province and is largely cultivated in Hubei province.Accroding to herbridge.com,owing to decreased planting areas associated with poor harvest last year,most companies have inadequate gardenia in stock. Currently,many firms have to stop production on short of gardenia.Additionally,the constant drought in early 2010 has threatened the new harvest.Some in this industry said,gardenia supply will experience more challenges this year.
Qianjiang GreenSea Treasure Biological Technology CO.,Ltd is a lead manufacturer for gardenia series products."The shortage of gardenia brought serious effect to our business.We have to stop production temporarily."the company said,"The new crop will arrive in late November.The gardenia yellow market may be more shaky and unstable in the next two years."
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