On June 6th, the Chinese herbal medicine index was 2,098 points, a decrease of 10 points from yesterday, a decrease of 25.02% from the highest point of 2,798 points in the cycle (2023-08-10), and an increase of 115.18% 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 SunSirs, in the 23rd week of 2024 (6.03-6.07), there were 0 rising and 4 falling products on the price list of Chinese medicinal materials, and 4 products with zero rise and fall. The main commodities falling include Angelica (-1.72%), Astragalus membranaceus (-0.84%), Codonopsis pilosula (-0.72%).

According to the monitoring of the commodity market analysis system of the SunSirs, the market situation of codonopsis pilosula is still stable. Merchants purchase according to actual needs. Currently, the price of small bar codonopsis pilosula is around 140-145 RMB/kg, while the price of medium quality codonopsis pilosula is around 155-160 RMB/kg. Despite the slightly higher price, merchants are still cautious in their stocking levels and have not excessively accumulated inventory.

There is not much foot traffic in the market of Minxian County, and there are sporadic foreign merchants. The main customers are local business and processing households who demand a small amount of goods, and most of them are first-time buyers. There is not much source of goods for codonopsis pilosula transactions. Overall trading has slowed down, with weak transaction prices. The transaction price of Dangshen Pharmaceutical Factory below 0.4cm is between 117-121 RMB/kg; The transaction price for specifications 0.4-0.6 is between 126-133 RMB/kg; The transaction price for 0.6-0.8 specifications is 137-145 RMB/kg; The transaction price for specifications 0.8-1.0 is between 148-155 RMB/kg, and for specifications above 1.0, the transaction price is above 160 RMB/kg.

In the past three years, the price of codonopsis pilosula has remained high, production in the production area has resumed, and the production of codonopsis pilosula is relatively stable compared to Angelica sinensis. Farmers have increased their enthusiasm for planting, and the planting area has greatly increased. Currently, the codonopsis pilosula market is still at a high level, and the market is susceptible to fluctuations due to various factors. The overall stock of codonopsis pilosula is less than the same period last year, supporting the short-term high volatility of the market. SunSirs analysis suggests that the codonopsis pilosula market will continue to fluctuate slightly in the short term, and attention should be paid to its planting area and weather conditions in the future.

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