On May 30th, the Chinese herbal medicine index was 2,107 points, unchanged from yesterday, a decrease of 24.70% from the highest point in the cycle of 2,798 points (2023-08-10), and an increase of 116.10% from the lowest point of 975 points on November 25th, 2019. (Note: The cycle refers to June 30, 2019 to present)

According to the price monitoring of the SunSirs, in mid May 2024, there were 0 products that rose, 7 products that fell, and 1 product that rose or fell to 0 on the price list of the herbal medicine industry. The main commodities falling are: Forsythia (-14.13%) and Flos lonicerae (-3.70%).

According to the monitoring of the commodity market analysis system of the SunSirs, flos lonicerae enters a new production period after the May Day holiday under normal circumstances, and the first batch of production in each production area is coming to an end. The supply of goods is in a normal purchasing and selling state, with a slight adjustment in the market. Currently, the market for Shandong's first level white flowers is around 130 RMB/kg, second level sun dried flowers are around 120 RMB/kg, and pharmaceutical factory goods are around 100 RMB/kg; The first crop of premium blue and white tea costs around 13 RMB/kg, but after production, it has significantly decreased by 10-20 RMB/kg.

At present, flos lonicerae is producing new first crop and ending crop. From the perspective of new crop production, the production in Shandong Province has been affected by drought this year, which has even affected the yield of second crop. However, due to multiple expansions in planting area across the country, production capacity has exceeded demand, and the impact of drought reduction on the overall market is not significant. The current price of flos lonicerae leaves farmers with low benefits, which is very close to the planting cost price, and is in a difficult stalemate stage of both upward and downward trends. SunSirs analysis suggests that the relatively stable market of flos lonicerae is expected to continue for a long time, and the subsequent market will fluctuate slightly based on actual digestion and movement. After a large number of flos lonicerae products are launched, a considerable number of manufacturers will purchase a batch of new products, and the sales situation will be relatively smooth. It is not ruled out that there will be a slight upward trend, and the decisive factor will mainly depend on the supply and demand relationship.

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