fall! fall! fall! The price of this precious Chinese medicinal material has dropped for five years, falling below the cost price! what happened?
Panax notoginseng is a rare Chinese medicinal material. From November to January of the following year, it is the mining season for Panax notoginseng in Wenshan, Yunnan.
At the beginning of the new year, the mining of Wenshan Panax notoginseng has basically ended, but this year's prices have dropped all the way, even falling below the cost price, which made growers a little depressed.
Wenshan, Yunnan: The price of Panax notoginseng hits the lowest point in the past ten years
In the past few days, in Dongshan Yi Nationality Township, Wenshan Prefecture, Yunnan Province, the 200 mu spring of Panax notoginseng has basically been harvested by the Panax notoginseng grower Zhou Fengling. After three years of hard work, the harvest has been good. However, the price of Panax notoginseng has been falling this year. Can't come back, after thinking about it, Fengling decided not to sell it temporarily.
Zhou Fengling, chairman of Tongxin Sanqi Farmers Cooperative in Malipo County, Wenshan Prefecture, Yunnan: The price should be the lowest ever.
These days, the average price of fresh panax notoginseng is about 40 yuan per kilogram; the seeds are relatively cheap this year, 30 yuan per catty, and at the most expensive time, like 2012, they sold for 1,000 yuan per catty.
Liu Huarong, deputy director of Panax Notoginseng and Traditional Chinese Medicine Industry Development Center in Wenshan Prefecture, Yunnan: The planting cost of Panax notoginseng should be about 25,000 to 30,000 yuan per mu, and the current price is generally lower than the cost price.
The prices of fresh Panax notoginseng and seeds are so low, what about the prices of dried Panax notoginseng in the Wenshan Panax Notoginseng International Market?
Seller of Panax Notoginseng in Wenshan City, Yunnan Province: This year is the cheapest year in more than 10 years.
8 heads are 600 yuan a catty, and the most expensive is 1,000 yuan.
The market price of Panax notoginseng continued to fall and fell below the cost price, which attracted buyers from all over the world to stock up and buy. Some buyers said that they will receive the goods when they are available, which is now the lowest in history.
Wenshan, Yunnan: The price of Panax notoginseng has dropped for five years and expanded planting year after year.
It is understood that the price of Panax notoginseng has been falling over the years. The last time it was at a high level was 5 or 6 years ago. Now this price has fallen below the cost price. Why?
In the past few years, due to the long growth cycle of Panax notoginseng, the output has not been high and the price has remained high.
Zhou Fengling, chairman of Tongxin Sanqi Farmers Cooperative in Malipo County, Wenshan Prefecture, Yunnan: The land that has been planted with Panax notoginseng is not allowed to be planted again for 20 to 30 years.
With the development of modern technology, it has basically been shortened from 20 to 30 years to 3 to 5 years, so the inventory is relatively large.
Xin Wenfeng, Dean of Wenshan Sanqi Research Institute, Wenshan College: After 2013, the planting area has been gradually and rapidly expanded. By 15 and 2016, it will be close to 1 million mu, and the annual mining output will be about 30,000 to 40,000 tons.
This is far beyond the reasonable demand of 6000 tons.
Excessive production capacity and inventory, coupled with the recent decline in the demand for raw materials for notoginseng at the industrial end, has caused the price of notoginseng to continue to slump and the cost has been severely reversed.
Zhou Fengling said that in order to balance market supply and demand, under the guidance of the local government, most growers have already reduced production.
Zhou Fengling, chairman of Tongxin Sanqi Farmers Cooperative in Malipo County, Wenshan Prefecture, Yunnan Province, said that there were more than 29,000 acres of land at its peak in 2017 and 18, but it has been reduced to more than 19,000 acres, and nearly 10,000 acres have been lost.
While adjusting the planting area, the local area is exploring the establishment of a hierarchical procurement and storage mechanism for Panax notoginseng. At the same time, it declares that Panax notoginseng has the same food and medicine, and continues to make efforts in the food field.
At present, the flowers, stems and leaves of Panax notoginseng can be developed as food.
Zhou Fengling, chairman of Tongxin Sanqi Farmers Cooperative in Malipo County, Wenshan Prefecture, Yunnan Province, said that the overall situation this year will be much better. Although the price is the lowest now, it should gradually move upwards.
Source: CCTV Finance (ID: cctvyscj)