The Price Of Licorice Products Fluctuates
As a national wild second-class protected plant, licorice has been exhausted due to recent research and development. Artificially planted licorice has a long production period, usually at least five years, and its glycyrrhizic acid and other indicators can meet the requirements of the Chinese Pharmacopoeia 2015 edition.
In 2018, the price of licorice was 10% higher than that of 2017, resulting in a 15% increase in the price of licorice extract block, licorice extract powder and licorice spray powder. Domestic production of licorice products, especially BP2017 grade ammonium glycyrrhizinate, EP9.0 grade Enoxolone, cosmetic grade dipotassium glycyrrhizinate, raw material glycyrrhizic acid powder, most of which are imported from five countries in Central Asia. Oversupply, resulting in lower prices of these products, the rate of reduction is 20%, while foreign customers are still waiting to see,Expected prices continue to fall, while domestic manufacturers are getting lower and lower profits, are not willing to produce, and capacity is not available, so the price may not be lowered, everything depends on the price of licorice in the last quarter..