China Anise Oil Price Surges
date:2010-11-05
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    Herbridge,5 Nov.2010_Anise oil,known as Star aniseed oil,has been applied in the areas of food,skin care,health product and veterinary drugs.This product,like shikimic acid,is also derived from star anise.Star anise primarily grows in and around Guangxi province,including Guangdong and Yunnan province.The output of star anise significantly declined on unfavorable climatic conditions this year,when the depression is not far away.The price for star anise robusts.

    The price increases,presenting cost pressure to manufacturers.Which also affects the demand from domestic and overseas market.According to herbridge.com,the international demand is much smaller this year.Overall,the domestic demand is considerably smaller than the international market.Anise oil is primarily exported to Europe and America,as well as India.

    Manufacturers have no more than ten tons of anise oil in stock at most.Restricted by raw materials,some manufacturers have to stop production.Most manufacturers are carrying on order production.Although it is in the harvest season,the storage still appears no abundant.
85% anethole is the common version available in the market.The price has risen by 80 percent in recent two months,compared to 90-100RMB/kg in early 2010,80RMB/kg in H2,2009.The price increased by ¥3-5 per kg each day in recent months,by ¥15 at the highest.The harvest season is coming to a close in October,the market price for star anise is 6-8RMB/kg.The price for dried star anise is expected to rise up to 30RMB/kg after next Spring Festival.Of course,speculation is hard to excluded.

Copyright:www.herbridge.com

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