The massive fire at Jinshan in the Philippines caused panic among spice companies domestically and internationally. Many spice merchants traveled to the Philippines in the hope of purchasing raw materials at high prices.
However, what infuriated many merchants was that the suppliers of Olive Fragrance Resin in the Philippines took advantage of the fire to jack up the prices. Many spice companies, unable to bear the exorbitant prices, had no choice but to return empty-handed.
Olive Fragrance Resin is a crucial raw material for spice production. Although many chemical substitutes have been researched, most spice companies still use the original Olive Fragrance Resin because only pure, natural Olive Fragrance Resin can produce exquisite and fragrant essential oils. Chemical substitutes lack the authentic aroma and taste, and the difference becomes obvious after just one use.
