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JBDC looks to boost Jamaica's footing in essential oils market

The Jamaica Business Development Corporation (JBDC) says it is taking steps to ensure Jamaica generates more foreign exchange from the US$20 billion global essential oils market. 
 
These steps include the testing of over 30 different plant materials during the last two years with a view to extracting essential oils. 
 
Essential oils are used in the production of soaps and cosmetics, but local producers of these products import 90% of the raw materials used. 
 
The EU dominates the production of essential oils with 43% of total output last year, but acting CEO of the JBDC, Harold Davis, says Jamaica is undergoing a learning process.


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