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, there are new arrivals in the production area of Flos Lonicerae, and the market supply has been sluggish recently, with limited market fluctuations. The current unified price is between 145-150 RMB/kg, with small transactions being the main focus.
Hebei Julu Production Area: The local area of Flos Lonicerae is relatively large, and due to the ability of the local land to be watered, there are few cases of severe drought and yield reduction. However, some farmers cannot keep up with the management, and coupled with the dry weather, some plots have been said to have reduced production. At the same time, the temperature in spring this year is relatively low, so it can be said that in 2024, the yield of Flos Lonicerae in Julu will be more or less affected, but it appears insignificant in the face of the current large planting area. The first crop of Flos Lonicerae in Julu County, Xingtai, Hebei Province has produced new flowers. This year, the production time is earlier than previous years. Due to the impact of spring drought and low temperatures, the output of goods is relatively small, but the popularity is average, and the supply of goods is not moving fast. The price of the first crop is around 128-136 RMB/kg, the price of high-quality goods is around 136 RMB/kg, and the price of the second crop is around 126-130 RMB/kg.
Shandong Pingyi production area: Due to the hilly growth environment, watering and irrigation are inconvenient, and yield can only be determined by weather. In the spring of 2024, the drought in Shandong production area led to a serious reduction in production after new goods were produced. The reduction in production of the first crop is likely to affect the output of the second crop. However, the overall production capacity base is large, coupled with weak demand and inventory support, the market is difficult to perform well. At the same time, due to the impact of planting and picking costs, there is not much profit space for farmers. At present, the price of Flos Lonicerae blue and white tea slices is around 148 RMB, the price of first grade sun dried white flower is around 125-130 RMB/kg, and the price of second grade sun dried white flower is around 110-120 RMB/kg.
Fengqiu and Puyang, Henan: Due to high prices, the planting area of local Flos Lonicerae has expanded. Previously, Fengqiu had the highest yield, but with changes in planting structure, Puyang's yield has been higher. According to local merchants in the production area, due to the ability to irrigate the land, the local area has relatively good growth and a larger land area. At present, the production of the first crop of Flos Lonicerae and poplar has basically ended. Due to the large size of the first crop of Flos Lonicerae and poplar cotton, there are not many merchants who come to search for goods. Currently, there is sufficient inventory of aged goods, and there are not many new goods traded in the market, mainly aged goods, and the movement is average. Currently, the quantity and price of blue and white flowers are around 140-150 RMB/kg, and the price of white flowers is around 110 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 stalemate stage where both upward and downward trends are difficult. SunSirs analysis suggests that the relatively stable market of Flos Lonicerae is expected to last for a long time, and the subsequent market will fluctuate slightly based on actual digestion and movement.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.