The Golden Grass


lemon grassIs there such thing as a Golden Grass? If there is such, then I would really love to plant these. On the contrary, this is just figuratively speaking. What I mean to say is the gold or money that you can get with these grass. Lemograss (Cymbopogon flexuosus) can be found thoughout the Philippines. It’s a robust and fast growing tropical plant which are native to India and Sri Lanka. It is mainly used for food seasoning to enhance the flavor of meat and poultry. But didn’t you know that it cost Php850 of lemongrass oil per liter? Such is the very high demand for essential oils in the market. The domestic demand for essential oils is 25 tons annually and 7,500 tons in the international market.

Here in the Philippines, we still can’t cope with the demand of lemongrass essential oils because of lack of supply of raw materials. Such is the case of the company who manufactures lemongrass essential oils, the Gold in Grass Corp. (GIGC). They have made every effort to sustain their demand for lemongrass by buying farmlands to produce the crops. But as for many business they have encountered obstacles. Although this is a hardy plant, it needs a sandy loam soil to propagate. Instead, they bought a farmland not suitable for growing it. But it was resolved by buying another farmland. And the machine for extracting the oils, since they can’t find one available to suit their need, they fabricated their own.

Despite of our many agricultural areas, many farmers dislike the propagation or planting of lemon grass thinking that they will not earn money from it. I don’t blame them because even our staple food like rice or copra(for making coconut oil) they don’t earn as much also. But if they will only be educated and learn the high demand for lemongrass and the benefits that they will get from it; I think they will think twice. Since the plant is hardy and almost no need for TLC (tender loving care) like other crops, this will make an alternate income for them aside from other main crops they are planting.

[tag]lemongrass, essential oils[/tag]


Posted by Manuel

Manuel Montala was an online entrepreneur who enjoys blogging about entrepreneurship and gathering information for his blog to help budding entrepreneurs. You can also reach him on twitter: http://twitter.com/mmontala

Like this post? Why not share it with your friends on facebook? Click the facebook share button!


Entrepreneur
The latest stories from Entrepreneur.

Nine Tech Terms You Need to Know Before Starting a Business
2 Feb 2012 at 12:00pm
No matter what industry you're in, having a working knowledge of tech-related concepts can be crucial. Here's a look at some of the most important terms and what they mean.
Online Sellers Brace for a New Tax Filing Requirement
25 Jan 2012 at 9:00pm
Some small businesses may need to declare added income on their 2011 returns. Here's what you need to know if do business on eBay or Etsy.
Starbucks Is Into Them. But What Exactly Are CDFIs?
24 Jan 2012 at 9:00am
A quick guide to Community Development Financial Institutions: How they work and whether they can help you get money to start your business.
Five Painless Ways to Raise Prices this Year
18 Jan 2012 at 8:42pm
With the economy still so uncooperative, how can you sell customers on a price raise? Here are a few ideas.

{ 1 comment… read it below or add one }

1 ismael 07.03.11 at 11:08 pm

saan po pde ibenta yung lemongrass oil dito sa pinas? regular ba nilang kailangan ito at gaano karami?

Do Not be Shy. Share Your thoughts!

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>