According to statistical reports, the cassia growing area in Vietnam is gradually expanding by about 10% per year. Currently, in the 2022 March crop, the oil extraction rate is 0.56%, lower than the same period last year, but the Cinnamic Aldehyde content in the essential oil is higher and about 81-83%.
Normally, the March Crop accounts for about 30% of cassia oil production, and the August crop accounts for 70% of cassia oil production. The cassia oil volume is expected to be about 1300-1500 tons in 2022.
Because of the increasing market demand for cassia oil, the price of cassia oil has increased in recent years. A lot of mountainous localities also promote the expansion of cassia growing areas to develop the economy.
The current situation, 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 and may be continued falling until the situation stabilizes again.
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 total production of star anise essential oil is approximately 200 tons, of which Tech-Vina meets ...
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In Vietnam, basil oil volume in 2022 is predicted to be insufficient to meet market demand.
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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 VND per year. Techvina Joint Stock Company is the connecting unit to bring high-quality cassia essential ...
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Binh Dan, Tan Dan, Khoai Chau, Hung Yen 160000, Viet Nam