SunSirs: China Wolfberry Market is in the Traditional Off-season

On July 9th, the Chinese herbal medicine index was 2,709 points, unchanged from yesterday, a decrease of 1.53% from the cycle's highest point of 2,751 points (2023-06-26), and an increase of 177.85% from the lowest point of 975 points on November 25th, 2019. (Note: The cycle refers to June 30th, 2019 to present)

According to the price monitoring of SunSirs, in the 27th week of 2023 (7.3-7.7), there were 2 products that rose, 2 products that fell, and 4 products that rose or fell to 0 on the Chinese herbal medicine price list. The main commodities that rose were: Ophiopogon japonicus (1.21%) and Flos Lonicerae (1.06%); The main commodities that fell were: Forsythia (-2.41%) and Angelica (-1.85%). Last week's average increase or decrease was -0.25%.

According to the monitoring of the commodity market analysis system of SunSirs, as the weather turns hot, there is not much circulation of green sea goods in the goji market, mainly from Ningxia, and the market is stable as you buy and sell. The current market price of Wolfberry in Ningxia is between 45-50 RMB, with options ranging from 55-65 RMB; Qinghai unified goods cost 30-35 RMB.

Wolfberry are currently in production in the local area, and it is expected that the output of this year's supply will not differ significantly from last year. Recently, businesses have come to search for goods, but due to the high price of new goods, many people hold a wait-and-see attitude. The new dried products have been processed and listed. Currently, 280 seeds are priced around 60 RMB, 380 seeds are priced around 50 RMB, and 450 seeds are priced between 47 and 48 RMB; There is still a supply of old goods available, but the quality is not as good as new ones. 280 capsules are priced at 47-48 RMB, 380 capsules are priced at around 42 RMB, and 450 capsules are priced at around 45 RMB.

The production of new products in Ningxia has started, and the new products have just been launched, so they are all the first batch, with better quality compared to the old ones. The volume of new goji berry products continues to increase, and some customers who have not been to the goji berry market for a long time are coming one after another, resulting in an increase in customer traffic. In recent years, due to market conditions, the planting area in various production areas has been continuously decreasing, and Zhongning is no exception; Furthermore, with the gradual expansion of sales of fresh Wolfberry, Wolfberry puree, and lock fresh Wolfberry, the newly launched Zhongning Wolfberry have been decreasing year by year, and the quality is also less than year after year. The new products of Ningxia Wolfberry have just started to go on the market, with sufficient supply from their producing areas and relatively flat demand. Business analysis suggests that the price of Wolfberry may still be stable, making it difficult for prices to rise significantly.

With the continuous high temperature weather throughout the country, the Chinese herbal medicine market has entered the traditional off-season, with low overall trading volume, limited market hotspots, and limited attention from merchants. Some varieties that missed the price increase in the early stage have performed well in the near future, but clearly lack the drive of star varieties; The trading volume of the declining variety market this week has further shrunk, lacking practical digestion, and merchants are also unwilling to sell at reduced prices.

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