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Licorice Rising in Price

Views: 0     Author: Site Editor     Publish Time: 2023-09-27      Origin: Site

liquorice Root-herbal vitaeLicorice is commonly used in antibacterial, antiviral, liver protection and detoxification,and etc. It is also widely used in veterinary medicine, foods, beverages, chemicals, tobaccos, cosmetics and many other fields. It has a large annual demand and is "one of the famous bulk of the commonly used Chinese medicinal materials in China." The price of licorice has been stable and low for many years, with a very small range if fluctuation. But in this year, the procurement and stocking at all levels have been increased significantly, and the market has also been risen by leaps and bounds!

Since the end of last year, the price of licorice has begun to rise by leaps and bounds. The reasons for the price increase are analyzed as follows:

① Affected by the stimulation of the low prices by years, production has been reduced year after year. Merchants in the production area and market operators have paid high attentions on this species

② Due to the blessing of the centralized purchasing, the demand of licorice increased and the sales increased.

③ The rigid market demand has caused the inventory to be digested to a certain extent.

④ Some merchants started to stock up, and the sellers became more reluctant to sell and kept raising their prices.

Therefore, due to the continuous reduction of planting area, declining inventory and the popularity, licorice has ushered in a round of rise. Among them, pharmaceutical factories mainly feed granules, with the most obvious demand for 3-5mm size, followed by 5mm -8mm size. the increase in demand for  the decoction pieces is not very obvious yet.

Generally speaking, judging from the current production, storage and sales of licorice, although the price of this product has reached a new height, as a result of the continuous reduction of planting area and the continued decrease of new goods, in the next two to three years,the supply of licorice is also estimated to be relatively limited. As the supply continues to be consumed, the future of licorice is currently optimistic by the most operators. Many merchants believe that it may have a certain space in the future, but the amount of space depends on the popularity and the actual digestion of the market.

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