echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Medical News > Medical World News > The price of ginseng has been bottomed out, and the digestion of inventory is the kingly way!

    The price of ginseng has been bottomed out, and the digestion of inventory is the kingly way!

    • Last Update: 2021-07-27
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Pharmanet.
    com, July 22.
    Ginseng, a market benchmark variety, has shown signs of recovery in some markets recently.
    How will the price of ginseng behave in the future? In this issue, Tiandi Yuntu's big data platform for the pharmaceutical industry made an analysis of the product market based on production and sales data
    .

    1.
    The market price of ginseng is strong, and the market for qualified goods from the place of origin Shaoanguo
    : ginseng (price in kilograms, the same below), some merchants pay attention to this variety, the recent supply of goods has moved steadily, holders are reluctant to sell the supply, and the price is higher than the previous market.
    The price of goods is 350 yuan, and the price of 80 goods is about 280 yuan
    .
    As the planting area in production areas has decreased in recent years, businesses are optimistic about the market outlook
    .
    Bozhou market: Ginseng has entered the off-season, and the overall market moves generally.
    The demand side is not actively buying, the market inventory is stable, the overall price fluctuations are not large, and the operation is firm
    .
    In the market, the price of 45 sticks is 340-350 yuan, and the price of 80 sticks is 260 yuan.
    It is expected that the short-term price will be stable
    .
    Yulin Market: Ginseng, the market is generally moving, the overall demand is not strong, and the merchants are not in a hurry to ship.
    In recent years, the ginseng planting area is not large, and the merchants are optimistic about the market outlook and will sell them after the price increases
    .
    The price of 45 ginseng in the market is between 340-350 yuan, and the price of 80 ginseng is around 250-260 yuan.
    The price fluctuates little in the short term
    .
    Lotus pond market: Ginseng, the sales have entered the off-season, the overall market moves in general, the price fluctuates little, and the market is stable
    .
    The price of 45 ginseng in the market is 350-360 yuan, and the price of 80 ginseng is 280 yuan.
    Due to the small planting area, the price is expected to fluctuate after the new production
    .
    According to merchants in Fusong, Jilin, the production area has entered the off-season, and the supply of goods is normally purchased and sold.
    Among them, the price of qualified products such as pesticide residues is firm.
    The price of qualified pharmaceutical products in the production area is between 190-200 yuan for four years
    .
    In the future, the price difference between qualified and unqualified pesticide residues of this species will become larger and larger.
    In the past two years, the price has not been high, farmers have limited enthusiasm for planting, and the future output of qualified products will be small
    .

      2.
    Prices have been operating at relatively low levels in recent years
    Figure 1: 2016-2021 ginseng market price trend chart.
    Since 2009, the price of white ginseng has steadily increased, and the price has soared in 2013.
    The market entered a high price period in 2014, which stimulated pharmaceutical farmers to expand their planting area.
    The local government supports the development of the ginseng industry
    .
    When harvesting in 2015, the output increased sharply, and the market fell accordingly
    .
    After the 19th National Congress of the Communist Party of China in 2018, the government strengthened its environmental protection efforts.
    The extensive planting of ginseng resulted in the destruction of large tracts of state-owned or village collectively-owned forest land
    .
    News such as the opening of “skylights” in Maolin aroused people's attention .
    Land is tight, environmental protection is strengthened, and ginseng profits are getting thinner and thinner.
    The quality problems and structural transformation problems of the ginseng industry need to be solved urgently
    .
    After entering 2019, the ginseng market stopped falling and stabilized
    .

      3.

    Nearly 5 years have passed since the peak production period .
    In order to control the disorderly expansion of the planting area of ​​ginseng farmers, the government of the producing area strictly implements environmental protection and returning farmland to forests and other policies, so that the phenomenon of land abuse is controlled.
    The scale of ginseng planting in Changbai Mountain, Daxinganling and other regions is increasing.
    Zoom out
    .
    The ginseng high-yield year (2015-2020) has passed, and the subsequent production capacity will gradually shrink; the domestic economy will not recover as expected in 2020, and the domestic demand for ginseng consumption will decrease, resulting in a backlog of inventory, and the output is still not small
    .
    According to statistics from the big data platform of the pharmaceutical industry in Tiandi Yuntu, the output of ginseng in 2020 will be 9,339 tons
    .

      4.
    The demand for ginseng will decrease in 2020.

    Ginseng is a commonly used bulk variety and is widely used in food, medicine, health care products , cosmetics , chemicals (extraction) and other fields, and maintains steady growth.

    .
    Especially after ginseng was approved as a new resource food in 2012, the demand for fresh ginseng in the edible field has grown substantially
    .
    It is estimated that the current annual demand for dry ginseng products reaches 6,500-6700 tons, and the demand for fresh products is about 1,500 tons
    .
    However, due to the impact of the epidemic in 2020, ginseng and other tonic medicinal materials have been in a state of low interest, and the overall demand has dropped a lot compared with normal years
    .
    According to statistics from Tiandi Yuntu's big data platform for the pharmaceutical industry, the consumption of ginseng in 2020 will be 6,711 tons
    .

      Fifth, the main demand for products and business analysis
    of 7702 kinds in my platform to monitor the drug species were screened, 634 currently marketed proprietary Chinese medicines containing ginseng
    .
    The most demanded Chinese patent medicines for ginseng are Ginseng Tian/Ma/Medicinal Wine, Wuji Baifeng Pills and Ejiao Yishou Oral Liquid
    .
    Needs front of medicine enterprises are Beijing Tong Ren Tang, Hui Ren Pharmaceutical Jiangxi, Jiangsu Sipp positive Pharmaceutical Co.
    , Ltd.
    , Hangzhou Hu Qing Yu Tang Pharmaceutical Co.
    , Ltd.
    and Sinopharm Xinjiang Pharmaceutical Co.
    , Ltd.
    and so on
    .

      6.
    Anticipation of the market outlook
    1.
    Low pesticide residues become the mainstream of future demand for ginseng.
    The promulgation of the new pharmacopoeia and the implementation of the new drug law make low pesticide residues more and more popular
    .
    Planting methods with low pesticide residues have been adopted by many farmers, and the price difference between qualified pesticide residues and unqualified products will increase in the future
    .
    2.
    Reduced planting area.
    In order to control the disorderly expansion of the planting area of ​​ginseng farmers, the government strictly implemented environmental protection and returning farmland to forests and other policies, so that the phenomenon of land abuse was controlled, and the scale of ginseng planting in Changbai Mountain, Daxinganling and other areas was shrinking.

    .
    3.
    The bottom is formed, and the price is unlikely to continue to fall.
    The year when ginseng production is high has passed.
    After 2016, the planting area has been shrinking year by year
    .
    The output in 2021 is expected to be lower than in 2020 .
    As the inventory is depleted, the price of ginseng should gradually pick up
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.