How much room for future growth of kudzu root, which has been at a low price for many years?

After the new production in 2021, the price of fenugreek has gradually recovered after reaching the low point of 8.
5 yuan (kg price, the same below) in recent years.
After the new production in 2022, the price in the origin will continue to rise slightly
.
Can this rally continue? Is there a chance to break through the all-time high of 25 yuan in 2014? In this issue, the big data platform of the pharmaceutical industry of Tiandi Yuntu makes an analysis of the market of this variety based on the production and sales data
.
1.
The new production of fenugreek continues Yulin market: After the market opened, the supply of fenugreek in the market moved well, and the supply of goods in the origin continued to be supplied
.
At present, more than half of the new products are produced, and the merchants are diligent in buying and selling fast, the overall movement is smooth, and the market is operating strongly
.
, the market price of goods is 12-13 yuan
.
Due to the limited production this year, merchants are concerned about price changes in the market outlook
.
Bozhou market: With the new development of fenugreek production, the market is not as good as the same period last year.
There are merchants purchasing, the supply of goods is moving normally, the market inventory is normal, and the price remains strong
.
The price of this product is currently in the middle and low price range, and the price of the whole unit is around 12 yuan.
Some businesses are concerned about the market outlook
.
Anguo Market: After the new year, the production of fenugreek will continue, new products will enter the market one after another, merchants will buy and sell normally, and the market will remain strong
.
The price of this product has not fluctuated much in recent years, and it is necessary to pay attention to the digestion of supply in the later period
.
According to a distributor of fenge in Wuzhou, Guangxi, new production of this variety will begin in mid-to-late December 2021.
In the early stage of production, affected by the increase in the price of fresh goods, the market price of new goods is higher than that in the previous period
.
At present, the new period of fenugreek production is more than halfway through.
After the beginning of the year, the supply of goods is moving smoothly, and the market continues to rise slightly
.
With the reduction of fresh goods mining and stable demand, there is still room for growth in the later stage of the market
.
2.
Fenge has just experienced low prices: 2017-2022 market price chart of Fenge.
Fenge is a variety that is planted and harvested every year.
The production cycle is short, so there has never been a high market in history, and the highest is 2014.
around $25 a year
.
From 2017 to 2020, the price of fenugreek basically hovered between 10-13 yuan, and the price fluctuation in recent years was not large
.
Pueraria lobata is produced with traditional planting habits, and there is no bad market or shortage of supply
.
At the end of 2020, the Chinese herbal medicine market began to rise in general, but the market for fenugreek remained tepid, and even fell to the lowest point in recent years at 8.
5 yuan in February 2021
.
New production will start in December 2021 and will continue in late February 2022.
The production area has limited feedback and the price has risen slightly
.
3.
The production areas are relatively concentrated in the Xijiang and Pearl River basins, the main production areas of Pueraria lobata, which are distributed in Yulin, Wuzhou, Hezhou, Guilin, Guangxi, and western Guangdong in Guangdong; in addition, Hunan, Jiangxi, Guizhou, Sichuan, Hubei, Yunnan, Chongqing and other places All are planted, but the planting area is not large, and due to seedlings, soil, climate and other reasons, the varieties and yields are not as good as those in Guangdong and Guangxi
.
Medicinal products are mainly processed in Guangxi production areas, accounting for more than 85% of the country's medicinal output; Dujiangyan and Pengzhou in Sichuan are also planted and processed on a large scale, and small batches come from imported sources
.
Teng County, Wuzhou, Guangxi is the largest producing area of ​​kudzu in China, and its annual output accounts for more than half of the country's total output
.
The total output of kudzu in Guangxi province is about 29,000 tons (including edible) every year, accounting for about 60% of the total output in the country, so it has an absolute right to speak on the market of kudzu
.
In Guangdong Province, except for Heshui Town in Gaoyao District, Shigu Town in Gaozhou, Chunwan and Bajia Town in Yangchun, where the planting area is relatively large and the production is relatively concentrated, the production in other regions is relatively scattered
.
In recent years, the production area of ​​Guangdong production areas has been reduced, and the main source of output is the vegetable market in the province.
In the past ten years, the processing volume for medicinal purposes has become less and less
.
According to the statistics of the big data platform of the pharmaceutical industry in Tiandi Yuntu, the total output of pueraria in 2020 will be about 42,200 tons, and the output in 2021 will be about 38,370 tons. .
4.
The consumption is much greater than the medicinal consumption.
The kudzu is a dual-use variety for medicine and food, and is mainly used for food.
Generally, 70% is used for food, and 30% is used for medicine
.
Taking Guangdong Province as an example, fenugreek has become a common household ingredient, which can be used for frying, salad, soup and porridge; it is indispensable for local people
.
At the same time, fenugreek is also exported from Guangdong, Guangxi and other places to Hong Kong, China, Singapore, Malaysia and other places every year
.
The supply of real medicinal kudzu in the market is limited, and the content of active ingredients in annual kudzu is difficult to meet the standard except for the content of the reed head
.
Therefore, powder kudzu is mainly circulated in the market in three specifications: diced, sliced ​​and striped
.
According to the statistics of the big data platform of the pharmaceutical industry in Tiandi Yuntu, kudzu root is mainly consumed through edible channels
.
Among them, the consumption of medicinal channels is less than 15%, only about 5,600 tons (mainly the channel of decoction pieces), and the rest are basically used as ingredients or soups
.
V.
Analysis of Main Demand Products and Enterprises In terms of demand for Chinese patent medicines, 7,702 Chinese patent medicine varieties monitored by the platform were screened.
At present, 6 Chinese patent medicines contain fenugreek.
Naoxin capsules, Shenqi Schisandra capsules, etc.
, the overall consumption is not large
.
The Chinese patent medicine companies with the highest demand for powder ge are Shijiazhuang Yiling Pharmaceutical Co.
, Ltd.
, Jilin Aodong Yanbian Pharmaceutical Co.
, Ltd.
, and Shaanxi Dongtai Pharmaceutical Co.
,
Ltd.
6.
Anticipation of the market outlook 1.
The price of fenugreek is at medium and low prices, but the income of farmers is good.
Although the current price of fenugreek has risen by more than 40% from the lowest point in February 2021, its price is still at a low level compared to other varieties.

.
Even as a vegetable, the price of fenugreek at 1.
6 yuan/kg is not high
.
However, since the output of fresh goods per mu is about 4,000 catties, the gross income per mu is about 6,500 yuan.
After deducting the cost, farmers can earn more than 3,000 yuan per mu. .
Although the price is low, the profit is acceptable, which is also the main reason why the price of this variety is not high all the year round
.
2.
The demand for food has increased.
The demand for medicinal purposes has stagnated
.
The demand for food has increased greatly, and the amount of medicine is relatively small.
Therefore, once the amount of medicine increases, the food inventory can quickly fill the gap
.
To sum up, the origin and processing places of fenugreek are relatively concentrated, the supply trend is easy to control, and there are many businesses concerned
.
However, although the current price of 12 yuan is not as high as the historical high price of 28 yuan in 2014, the farmers have good income and are still motivated to plant.
Even if the price rises in the future, there will not be much room
.