Situation of cassia and aniseed have been very stressful, prices have increased daily, raw material is scarce.
After the Covid epidemic has been controlled, demand for aniseed and cassia increased sharply.
The strict control of cassia, aniseed material imported from China makes the goods more scarce.
China is actively buying aniseed flowers from Vietnam now.
Price of Cigarette Cassia – Split Cassia – Broken Cassia increased sharply, price of aniseed increased even more strongly, even nearly doubling price at beginning of October.
Some warehouses regret that they did not buy material when price was low, when price has been up ad demand still tall, but they have no stock to sell.
It is forecasted that in coming time, when new crops have not yet entered (new crops of cassia and aniseed both start at March end and early April 2021), price of cassia and aniseed will continue to increase steadily. Only warehouses who gathered material at low prices can offer competitive prices. Some customers have a strategy of purchasing at a time of low price and accepting forward delivery, then this time they are winning big.
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