SIP Markets Medicinal & Botanical Herbs Contact desk

Licorice

LICORICEMedicinal & Botanical Herbs1 listed market

Licorice is the root and stolon of leguminous shrubs of the genus Glycyrrhiza, principally Glycyrrhiza glabra across Central Asia, the Middle East and the Mediterranean, and Glycyrrhiza uralensis in northern China and Mongolia. Most commercial material is dug from wild and semi-wild stands rather than planted. The root is sold as cut and sifted material, as powder, and above all as block, spray dried and liquid extract, which is where the volume value sits. It is used as a sweetener and flavour in confectionery, tobacco, beverages and pharmaceutical preparations, and as a base material in traditional Chinese and Ayurvedic formulations. Its sweetness comes from glycyrrhizin, which is many times sweeter than sucrose.

Listed licorice markets

Each line is a grade at a delivery point. Open one for its full specification and terms.

Grades

Licorice is contracted on species, root fraction and glycyrrhizin assay together. The extract trade adds the extraction route and the solids specification, and deglycyrrhizinated material is a wholly separate article with its own ceiling rather than its own floor.

Botanical identity as the contracted article

7 grades

Verified against the pharmacopoeia monograph for the named species, by macroscopic and microscopic examination, thin layer chromatography and, where the contract calls for it, DNA barcodingWhich plant, which part of it, and how that is proven on the lot. Adulteration and species substitution are the defining risk in botanical trade, so identity is the first term on the contract and not an assumption.

GradeDefinition
Glycyrrhiza glabra L.The Western and Central Asian articleSpanish, Turkish, Iranian and Central Asian licorice. The binomial is the contract.
Glycyrrhiza uralensis Fisch.The Chinese articleNorthern Chinese and Mongolian licorice, with a distinct marker profile.
Glycyrrhiza inflataA further Chinese speciesTraded and monographed separately.
Plant partDeclaredRoot, stolon, or a stated blend. Stolon is cheaper and its proportion is a contract term.
Peeled or unpeeledDeclaredPeeled root is the pharmacopoeia article in several monographs and it is priced above unpeeled.
Wild collected or cultivatedDeclaredMost supply is dug from wild stands, and the collection area and permit file follow from that.
Identity testingCertificate of analysis, with the methodThin layer chromatography and high performance liquid chromatography against the pharmacopoeia monograph.

Physical form and processing route

9 grades

Declared on the contract and verified on the package against a retained reference sampleHow the material was dried, cut and presented. Form drives extraction yield, dosing and shelf life, and it is priced separately from identity.

GradeDefinition
Whole dried rootDeclaredCleaned, dried root sticks, the traditional article.
Cut and siftedDeclared, with the cut sizeRoot cut to a stated screen for tea and for extraction feedstock.
PowderDeclared, with the meshMilled root at a stated sieve specification.
Block extractDeclared, with the solids contentEvaporated aqueous extract in solid block form, the traditional confectionery and tobacco article.
Spray dried extract powderDeclared, with the assay and any carrierPowdered extract, with the carrier named and quantified.
Liquid extractDeclared, with the solids content and the solventAqueous or hydroalcoholic, with the concentration stated.
Deglycyrrhizinated extractDeclared, with the glycyrrhizin ceilingExtract from which glycyrrhizin has been removed. A separate article, specified with a maximum rather than a minimum.
Extraction ratioDeclared, as native drug to extractStated alongside the assay.
Colour and odourDeclared, against a retained reference sampleYellow interior in the root, characteristic sweet odour. A grey interior indicates age or poor storage.

Glycyrrhizin and marker composition

8 grades

Determined by high performance liquid chromatography against a named reference standard, following the applicable pharmacopoeia monographThe sweetness, the pharmacological activity and the regulatory ceiling all sit on one compound, which is why it is measured on every lot in both directions.

GradeDefinition
Glycyrrhizin, or glycyrrhizic acidPercentage by mass, minimumThe headline assay for root and standard extract, measured against the pharmacopoeia method.
Glycyrrhizin ceilingPercentage by mass, maximumContracted where the destination or the product category caps intake, and the defining term for deglycyrrhizinated material.
GlabridinPercentage by massA flavonoid marker of Glycyrrhiza glabra, and the value driver in the cosmetic trade.
Liquiritin and liquiritigeninPercentage by massFlavonoid markers reported on the certificate of analysis.
Total flavonoidsPercentage by massReported where the buyer contracts on the flavonoid fraction rather than on sweetness.
Solids contentPercentage by mass, or degrees BrixThe specification term for liquid and block extract.
Ammoniated or acid precipitatedDeclaredThe processing route for extract, named because it changes solubility and flavour.
Chromatographic fingerprintReference chromatogramRetained with the lot and used for species discrimination.

Purity and contaminants

9 grades

Determined by an accredited laboratory on a drawn sample, against the destination pharmacopoeia or food specification and Codex CXS 193What is in the lot other than the botanical. For a field grown or wild collected plant this is the substance of the specification.

GradeDefinition
Loss on drying, or moisturePercentage by mass, maximumDetermined by oven drying or by the entrainment method. It governs mould risk in the bag and it is weight the buyer is not paying botanical prices for.
Foreign organic matterPercentage by mass, maximumSoil, stones, stems where stems are not the article, other plant species and any material other than the named part, separated by hand and weighed.
Total ashPercentage by mass, maximumMineral residue after incineration.
Acid-insoluble ashPercentage by mass, maximumThe sand and silica fraction, and the classical measure of how carefully the material was lifted and washed.
Heavy metalsMilligrams per kilogram, maximumLead, cadmium, mercury and arsenic by inductively coupled plasma mass spectrometry, against CXS 193 and the destination limits.
Pesticide residuesMilligrams per kilogram, maximumMulti-residue screen against the destination market limits. Contracted on every lot destined for the European Union, Japan or a certified organic buyer.
MycotoxinsMicrograms per kilogram, maximumAflatoxins B1, B2, G1 and G2, total aflatoxins and ochratoxin A. Field dried botanicals carry the risk and the destination sets the ceiling.
Microbiological limitsColony forming units per gram, maximum, with the pathogen absence criteriaTotal aerobic count, yeasts and moulds, bile-tolerant Gram-negative bacteria, Escherichia coli and Salmonella.
Irradiation and sterilisationDeclaredSteam sterilised, ethylene oxide treated, irradiated or untreated. Declared on the contract, because destination markets differ on what they permit.

Origin, legality and delivery

9 grades

Contract terms settled on the document and on the package rather than in the laboratoryTerms that travel with the lot.

GradeDefinition
Wild collected or cultivatedDeclaredIt drives availability, the legality file and, in several of these articles, the marker chemistry.
Legality and collection permitDeclared, with the permit referenceExport permit, forest or land access agreement, or community collection agreement, travelling with the lot.
CertificationCertificate, with the scheme and the certificate numberOrganic, FairWild, Fair for Life, Rainforest Alliance or a private buyer standard, named on the contract when it is contracted.
Crop year and harvest dateDeclaredMarker compounds decline with age. The crop year is a price term, not a formality.
PackingDeclaredPaper sacks, polypropylene bags, cartons, fibre drums or bulk bags, with the liner and the pallet configuration specified.
Sampling planDeclaredHow many packages are sampled, by whom, and against which retained reference sample. Field dried botanicals are heterogeneous between bags.
Collection permitDeclared, with the permit referenceWild digging runs under national land and forestry authorisation across most origins, and export licensing applies in several of them.
Extraction facilityDeclared, with the audit standardNamed on the contract for extract material going into food or pharmaceutical use.
Residual solventsParts per million, maximumNamed for hydroalcoholic extract, against the pharmacopoeia general chapter.

Grades outside this list trade on request. Send us the contract specification you work to and we will price against it.

Locations

CountryRegionWe trade it as
UzbekistanKarakalpakstan, Khorezm and the Amu Darya basinOrigin
TurkmenistanThe Amu Darya and LebapOrigin
KazakhstanKyzylorda and the Syr Darya basinOrigin
AfghanistanThe northern provincesOrigin
IranKhorasan, Fars and KermanshahOrigin
TurkeySanliurfa, Gaziantep and the southeastOrigin and destination
ChinaInner Mongolia, Xinjiang, Gansu and NingxiaOrigin and destination
MongoliaThe Gobi and the southern aimagsOrigin
AzerbaijanThe Kura lowlandOrigin
PakistanBalochistan and Khyber PakhtunkhwaOrigin
IndiaJammu and the northern plainsOrigin and destination
SyriaAleppo and the Euphrates valleyOrigin
IraqNineveh and the Tigris valleyOrigin
SpainAndalusia and the Ebro valleyOrigin and destination
ItalyCalabria and AbruzzoOrigin and destination
GreeceMacedonia and ThraceOrigin and destination
FranceLe Havre and the confectionery clusterDestination
GermanyHamburg and the Rhine-Ruhr extract clusterDestination
NetherlandsRotterdam and the confectionery clusterDestination
DenmarkCopenhagen and the Nordic confectionery tradeDestination
SwedenGothenburg and the Nordic confectionery tradeDestination
FinlandHelsinki and the Nordic confectionery tradeDestination
United KingdomFelixstowe and the confectionery clusterDestination
United StatesNew Jersey, Virginia and the flavour clusterDestination
CanadaOntario and QuebecDestination
JapanTokyo and OsakaDestination
South KoreaSeoul and IncheonDestination
BrazilSao PauloDestination

Origins and destinations outside this list trade on request. We are not limited to the locations shown here.

Timing

Harvest is when the plant material is lifted or cut at origin. Arrival is when a shipment from that origin typically lands in a consuming market. The gap between them is drying, cleaning, milling or extraction, laboratory clearance and the voyage.

HarvestArrival

OriginJFMAMJJASONDWindow
UzbekistanArrivalArrivalHarvestHarvestArrivalArrivalHarvestHarvestHarvest and arrivalArrivalHarvest Mar to Nov, arrival May to FebRoot is dug in the autumn and again in the early spring when the ground works. Cleaning, cutting and drying follow, with rail and road transit through Central Asia adding to the lead time.
KazakhstanArrivalArrivalHarvestArrivalHarvestHarvestHarvest and arrivalArrivalHarvest Apr to Nov, arrival Jun to FebSyr Darya basin digging on the same autumn and spring pattern.
TurkmenistanArrivalArrivalHarvestHarvestArrivalArrivalHarvestHarvestHarvest and arrivalArrivalHarvest Mar to Nov, arrival May to FebAmu Darya digging, moving through Caspian and Iranian routes.
ChinaArrivalHarvestArrivalHarvestHarvest and arrivalHarvest and arrivalArrivalHarvest Apr to Nov, arrival May to JanAutumn digging in the northwestern provinces, with export licensing governing volume.
TurkeyArrivalHarvestHarvest and arrivalArrivalHarvestHarvest and arrivalHarvest and arrivalArrivalHarvest Mar to Nov, arrival Apr to JanSoutheastern digging in the autumn and spring, with much of the crop extracted domestically before export.
IranArrivalArrivalHarvestHarvestArrivalArrivalHarvestHarvestHarvest and arrivalArrivalHarvest Mar to Nov, arrival May to FebAutumn and spring digging, with substantial domestic extract capacity.
SpainArrivalArrivalHarvestHarvest and arrivalHarvest and arrivalHarvest Oct to Dec, arrival Nov to FebA smaller Mediterranean crop dug in the late autumn.

Windows outside this pattern trade on request, including carry, forward positions and stock already sitting in a destination warehouse.

Customs, packing and contract terms

Indicative terms for licorice. Tariff classification is the importer’s responsibility and limits change, so confirm both against the destination customs authority and the current regulation before you fix a contract.

  • HS heading1211.90 Liquorice roots
    1302.12 Extracts of liquorice
  • PackingMultiwall paper sacks or PP bags of 20 kg to 25 kg with food grade liner, or fibre drums for powders and extracts. Sieve size, ash and foreign organic matter stated at load.
  • Container loading20ft: 8 t to 14 t. Volume limited for whole leaf and root, weight limited for powders and extracts.
  • Contract and arbitrationSale on specification with a certificate of analysis, botanical identity confirmed by macroscopic or HPTLC identification. European Herbal Infusions Association quality guidance and the terms of the importing association. Arbitration under ICC rules or at the contract seat.
  • Destination limitsEU novel food authorisation under Regulation 2015/2283 for species without a history of consumption before May 1997, the Article 8 list under Regulation 1925/2006, pesticide MRLs under Regulation 396/2005, pyrrolizidine alkaloid limits on herbal infusions and aflatoxin and ochratoxin limits under Regulation 2023/915, and CITES for listed species. US: FDA dietary supplement rules with new dietary ingredient notification.

Common questions

What grades of licorice does SIP Global trade?

We quote 41 published grades of licorice, including Glycyrrhiza glabra L. - The Western and Central Asian article, Glycyrrhiza uralensis Fisch. - The Chinese article, Glycyrrhiza inflata - A further Chinese species, Plant part - Declared, Peeled or unpeeled - Declared and Wild collected or cultivated - Declared. Every grade is tied to a delivery point and a settlement route. Grades outside the published list are priced on request.

How is licorice graded?

Licorice is contracted on species, root fraction and glycyrrhizin assay together. The extract trade adds the extraction route and the solids specification, and deglycyrrhizinated material is a wholly separate article with its own ceiling rather than its own floor. Grading runs on 5 systems: Botanical identity as the contracted article, Physical form and processing route, Glycyrrhizin and marker composition, Purity and contaminants and Origin, legality and delivery.

Where does SIP Global trade licorice?

We trade licorice in Uzbekistan, Turkmenistan, Kazakhstan, Afghanistan, Iran, Turkey, China and Mongolia and 20 further markets. Origins and destinations outside this list trade on request. We are not limited to the locations shown.

When is licorice harvested and when does it arrive?

Typical windows are Uzbekistan: harvest mar to nov, arrival may to feb; Kazakhstan: harvest apr to nov, arrival jun to feb; Turkmenistan: harvest mar to nov, arrival may to feb; China: harvest apr to nov, arrival may to jan; Turkey: harvest mar to nov, arrival apr to jan. Harvest is when the lot is taken at origin, arrival is when a shipment from that origin lands in a consuming market. Windows outside this pattern, including carry, trade on request.

What is the HS code for licorice?

Licorice is normally classified under HS 1211.90 (liquorice roots) and HS 1302.12 (extracts of liquorice). The heading follows the form the goods are in at the border, and national tariffs extend it beyond six digits, so confirm the full line with the destination customs authority before you fix a contract.

How do I get a price for licorice?

Send the grade, the origin and the delivery window to the SIP Global desk. That is enough for a trader to come back with a level and a settlement route. 1 listed licorice market is published on this page, each with its full specification and terms. We take both sides, physical and financial, prompt to long dated.

Standards and data sources

The grading language on this sheet follows published standards. Trade volumes and tariff lines are public record. Verify anything here against the source.

Price this with our desk

Grade, origin and window if you have them. If what you are carrying does not fit the sheet above, describe it in your own words and a trader will take it from there.

Nothing here matches what you are holding? Send it anyway. The sheets cover the markets we publish, not the limit of what the desk will look at.

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