Market News

Since 1993, the Vietnam Government has encouraged afforestation to cover bare land and bare hills with funds from the 327 program and the 5 million ha forest program. By 2021, the total area of star anise planted is estimated at 50,000 ha, including star anise for fruit and star anise for oil. The ...

From March 2022, Shanghai in China locked the economy because of the pandemic, leading to a limit on the export of cassia oil to China. The price of cassia oil fell slightly

In Vietnam, basil oil volume in 2022 is predicted to be insufficient to meet market demand.

In Khoai Chau, Hung Yen, and Phu Xuyen, Hanoi, the cultivation of basil to produce basil essential oils has existed for a long time. In recent years, the price of basil essential oil has increased sharply, due to a decrease in supply, this is also an opportunity to help farmers earn nearly a billion ...