SunSirs: Can China's Sanchi, which has Fallen to the 'Floor Price

1. Price Trend

According to SunSirs price monitoring, the market for Panax notoginseng will be slightly increased after the year. The current price of 120 heads of Panax notoginseng in Yunnan is 110-112 yuan/kg, which is a slight increase compared to last year.

2. Analysis of influencing factors

Panax notoginseng has the functions of removing blood stasis, stopping bleeding, anti-oxidation, and regulating immunity. Li Shizhen, a famous pharmacist in the Ming Dynasty, called it "Golden Buhuan". Wenshan Panax notoginseng has become a business card of Yunnan because of its long history, large output and good quality. 

Prices continued to fall in the first three to seven years

Last year, due to the impact of the epidemic, the export volume of Panax notoginseng was low, leading to the hoarding of goods, and the price continued to fall, with a year-on-year drop of nearly 50%. The person in charge of Ruikang medicinal materials said, “The price of panax notoginseng has hit the lowest level in recent years, and it has dropped by about 130 yuan per kilogram from last year. The 16-piece panax notoginseng is now sold at 320 yuan/kg, and last year it sold for 480 yuan/kg.” The market price continued to drop 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 the lowest price in history.

Last year, the planting area of ​​Wenshan notoginseng began to decline steeply

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. However, in recent years, the expansion of the planting area of ​​the Panax notoginseng has increased, the output has increased, and the price has also fallen.

After 2013, the planting area was gradually and rapidly expanded, and in 2015 and 2016 it was close to 1 million mu, and the annual output of mining was about 30,000 to 40,000 tons. Last year, the planting area of ​​Panax notoginseng began to decline sharply. Compared with 2019, in 2020, Wenshan notoginseng planted 160,000 mu, a year-on-year decrease of 30.43%; the excavated area was 69,000 mu, a year-on-year decrease of 46.9%; the output was 9.8 million kg, a year-on-year decrease of 50.18%; the output value was 2.68 billion yuan, a year-on-year decrease 60%.

After the year, the price of Panax notoginseng rose slightly

According to reports, after the Spring Festival, Panax notoginseng is a bit good to sell. The price of Panax notoginseng rose a little after the year, and there were a lot of people buying and selling Panax notoginseng. The price of Panax notoginseng rose up to 20 yuan per catty. The reporter learned that although the Panax notoginseng flowers during this period are all presbyopia, the dryness and purity of the Panax notoginseng flowers are very good because they are properly kept. According to the quality of the flowers, they are divided into different grades for sale, the highest selling price is 130 yuan / shi jin (a traditional unit of weight jin), and each shi jin has increased by 10-20 yuan.

Although the price of Panax Notoginseng has increased, the increase is not high, and the price will increase by 5-7 yuan per kilogram. However, compared with the previous years, the transaction volume of Panax Notoginseng has increased steadily. The Sanqi traded after the new year is better than before the New Year, and the market sales transactions are more active than the beginning of the year.

Yunnan Baiyao "marriage" is good for health

On the morning of March 2, the listing ceremony of Jianzhijia-High-quality Panax Notoginseng "Demonstration Supply Chain" was held in the Digital Panax Notoginseng Industrial Park of Yunnan Baiyao Group. Both parties will establish a high-quality and good Panax Notoginseng market environment based on their respective advantages. Brand image, leading the quality upgrade of traditional Chinese medicine consumption.

3. Market outlook forecast

The price of notoginseng has been declining since 2015 and has fallen to the "floor price" (the cost of notoginseng planting is more than 40 yuan/kg). Currently in the Sanqi industry with floor prices, SunSirs analyzes and believes that merchants or investors who buy dips will surely flood in later, and the Sanqi market will definitely change.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.