A Quick Price Update on Star Anise
As the star anise harvest season draws to a close, VietGlobal Export is excited to share key highlights and a crucial star anise price update for the end of this peak season. Read on to learn about the latest market trends and how you can secure premium Vietnamese star anise for your business at an excellent rate.
Vietnam’s Star Anise: A Highly Sought-After “Treasure” Spice
Star anise is considered one of the most valuable spices globally, and Vietnam is one of the few countries that cultivate this “treasure” spice. According to the World Spice Association, Vietnam ranks among the top producers of star anise, known for its bold flavor and vibrant quality. The spice is primarily grown in northern provinces like Lang Son and Cao Bang, producing over 16,000 tons annually.
The unique thing about Vietnamese star anise is that it blooms twice a year: the first harvest in June (the “four seasons” harvest) and the second around August-September (the “seasonal” harvest). This makes it a rare and highly sought-after spice in the global market, especially in the B2B space.
With such limited availability, it’s no surprise that Vietnam holds the second position in the world for star anise exports, following China. For businesses looking to secure premium star anise in bulk, this is the perfect time to act.
Strong Harvest and Export Growth for Vietnam’s Star Anise
This season has been particularly successful, thanks to advancements in star anise cultivation and export planning. According to the Vietnam Pepper and Spices Association (VPSA), Vietnam exported 1,662 tons of star anise in July 2024, generating $7.8 million USD in revenue. This represents a 7.4% increase in export volume compared to June.
India continues to be the largest buyer, accounting for 63% of Vietnam’s total star anise exports. Other markets are also growing, showing the increasing demand for this rare and versatile spice. With such strong export performance, it’s clear that the demand for Vietnamese star anise is on the rise globally.
Star Anise Prices Set to Rise: Secure Your Stock Now
As the star anise peak season concludes and exporters prepare for large-scale orders, market prices are expected to increase. Why? Premium star anise is only available during specific times of the year, and with limited growing regions in Vietnam and China, supply is often outpaced by demand.
If you’re a spice importer or business looking to add high-quality star anise to your inventory, this is your moment. Waiting could mean paying a higher price as stock diminishes and demand rises.
At VietGlobal Export, we guarantee a stable supply of premium star anise at competitive prices. Our current promotion offers star anise starting from CIF $45xx/MT, but with rising demand, this price won’t last long. Act fast to secure your shipment while premium stock is still available!
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