1. Price trend

Following the skyrocketing market for Angelica, Dangshen also kept up with this wave of market craze, with a surge in popularity and a rise in prices. Currently, the price of Dangshen produced in the country ranges from 34 to 36 yuan, a 4.40% increase compared to the beginning of June.

Bozhou market: In the past few days, the number of merchants who went to the place of origin to buy goods increased, and the market also rose slightly. Recently, it has stabilized. The market price of drug factory goods is 32 yuan, and the price of Zhongtiao is 40-42 yuan. This product is locally available. The plants are growing well, the stock is sufficient, and a good digestion process is still needed in the later stage.

Minxian County, Gansu: The transaction price of Codonopsis medicine factory specifications is around 30-31 yuan/kg; the transaction price of 0.4-0.6cm specifications is 32-35 yuan/kg; the transaction price of 0.6-0.8cm specifications is 36-44 yuan/kg; 0.8cm -1.0 specification transaction price is about 51-60 yuan/kg.

2. Analysis of influencing factors

Angelica rises to pull codonopsis pilosula

Angelica and codonopsis are both authentic medicinal materials in Gansu. Angelica, codonopsis and astragalus in Gansu Province have a long history of edible and medicinal use. In particular, as the province with the largest planting area of ​​angelica and dangshen in the country, the average planting area of ​​Gansu Province in the past five years has reached 576,000 mu and 757,000 mu, respectively. The output accounted for 80% and 90% of the country's total, and the annual output value exceeded 20 billion yuan. The prices of Angelica and Dangshen have always been complementary.

For the emergence of Codonopsis pilosula this time, many people think that it is driven by the enthusiasm of the angelica market; after all, it is a hot variety, and the market for Codonopsis pilosula is more “flammable and explosive”. After the market for angelica rose, Dangshen was still in a quiet period, so many buyers began to switch to the low-priced Dangshen, which created this wave of market.

Codonopsis pilosula has huge stocks

Codonopsis pilosula is grown mainly in Dingxi and Longnan, Gansu Province. Dingxi City's Codonopsis is mainly distributed in Weiyuan County, Lintao County, Longxi County, Min County and Zhang County; Longnan City is mainly distributed in Dangchang and Wen County.

In 2012, due to two consecutive years of insufficient production, the Codonopsis pilosula inventory was largely digested. In 2013, Gansu's production area suffered from drought and less rain, and the spring drought was again encountered, which pushed the price of Codonopsis to a high. Due to the high price market that has lasted for more than three years, it has greatly stimulated the enthusiasm of pharmaceutical farmers in planting. In 2014, the contradiction between oversupply and demand was prominent, and prices continued to fall. Later, affected by the fall in the price of Codonopsis, the planting area was reduced in 2015.

In 2016, codonopsis pilosula was again driven by the positive news of the drought. The high price of Codonopsis continued, which made the enthusiasm of medicinal farmers to raise seedlings higher in 2017. In 2018, the enthusiasm of medicinal farmers for planting was not diminished, and the new price of production continued to decline.

In 2019, the market for codonopsis pilosula showed a turbulent decline. It is mainly affected by the continuous increase in production and planting, and the weather in Gansu in recent years has been reversed; the weather has been smooth, the rainfall is abundant, and the codonopsis is growing well.

The production area in 2020 is still not small. It is a year of bumper harvest for Codonopsis. In addition, in the first half of 2020, the epidemic has affected the sales of this product and the inventory has been backlogged, causing the market for Codonopsis to continue to weaken.

This year, according to the production and planting situation of codonopsis pilosula, the production area has not been effectively reduced, and successive years of bumper harvests have made the inventory of Codonopsis very sufficient. According to the precipitation in the first half of the year in Gansu, the Dangshen is still growing well this year without any surprises.

The demand for codonopsis pilosula will decrease in 2020

Affected by the epidemic in the first half of 2020, the sales of codonopsis pilosula have fallen, and the inventory has been backlogged, causing the market for codonopsis to continue to weaken. According to statistics, the sales volume of Codonopsis in 2020 is 42,500 tons.

In terms of proprietary Chinese medicines, according to statistics, 210 Chinese patent medicines currently on the market contain Codonopsis. Among them, the most demanded Chinese patent medicines for Codonopsis are Shenqi injection, Shengmaiyin (Dangshen prescription), Yiqi Yangxue oral liquid and Bazhen Yimu Pills. The leading Chinese patent medicine companies are Livzon Group, Henan Tongtong Pharmaceutical Co., Ltd. and Fuzhou Neptunus Golden Elephant Chinese Medicine Pharmaceutical Co., Ltd.

In terms of Chinese herbal medicine, the annual consumption is about 10,000 tons. Codonopsis is a kind of medicine for invigorating the middle and nourishing qi, and it is the most popular type of Chinese herbal medicine. Professional households processing Codonopsis decoction pieces have been concentrated in the production area in the past two years. The sales market is in Shouyang, Longxi. There are now hundreds of processing households with large production areas, and the processing scale and processing technology have also improved a lot compared with previous years. Nowadays, the origin of Codonopsis integrates processing, sales, and storage, and the market has become a subordinate position and distribution channel. Therefore, fluctuations in the market for Codonopsis are often dominated by the origin.

3. Market forecast

Generally speaking, the rise in the market of angelica temporarily boosted the market of codonopsis pilosula, but at that time, the stock of codonopsis pilosula was huge, and the price of codonopsis pilosula might be stable in the short term, and the price will not rise sharply.

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