Herbridge,31 August 2010_Compared with three years ago,licorice prices have doubled and licorice root extract increased accordingly.Currently,the licorice extract market keep stable in China.

    Licorice extract is primarily used in flavoring,pharmaceuticals,cosmetics and tobacco in recent years.It is reported that the export volume of licorice extract and related products increased slightly with export value reaching 12.211 million U.S. dollar for the first quarter of 2010,an increase of 19.6% for the first quarter of 2009.Licorice extract and related products are mainly exported to US(accounting for 31.4%),Japan(30.0%),France(10.6%),Holand(6.2%),etc.

    According to herbridge.com,licorice primarily grows in Xinjiang in China.Owing to tight supply for licorice,some firms tried to import licorice.But the content is too low and not economical to extract.So domestic licorice is still the main raw materials.The test methods for licorice series products have been improved in recent years.Most manufacturers adopt HPLC methods.

    According to herbridge.com,8% extractum glycyrrhizae is the common product in the market.The prices are RMB42000-45000 per ton compared to RMB37000-42000 of three years ago.Which is mainly attributed to increased licorice prices and labor costs.Licorice prices increased to 3.7-4.2RMB/kg from 1.7-1.8RMB/kg in the same period.Licorice extract prices are also increased to some extent in China.But herbridge.com predicted that the short-term market would steady and not fluctuate sharply,if any.

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