SunSirs: China Wolfberry Price May slightly Increase in the Early Stage of Production
June 12 2024 15:43:44 SunSirs (Selena)
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, Wolfberry are not worth the peak sales season, and the market supply has been mainly digested normally in the near future. The operating manufacturers have been actively selling, and the market has stabilized. Currently, the general price of goods is between 40-45 RMB/kg, with a better price of 50-55 RMB/kg.
The goji berry trading market in Zhongning County, Zhongwei City, Ningxia Hui Autonomous Region, started to gradually heat up in June, and new products began to be launched. Overall, due to the high temperature in May, the quality of new products this year is not as good as last year, and the particles of new products are not as large as last year. From the perspective of purchasing enthusiasm, it is also much worse than in previous years. At present, the market transactions are mainly based on second-hand goods. The price of 180 particles in Qinghai is around 40 RMB/kg, the price of 280 particles is around 36 RMB/kg, and the price of 350 particles is around 33 RMB. Zhongning Wolfberry cost around 70 RMB/kg for 180 particles, 65 RMB/kg for 220 particles, and 58 RMB/kg for 280 particles.
Wolfberry are starting to be produced, and new products will be launched one after another. The quality of the new Wolfberry is high, and the enthusiasm of buyers is high. SunSirs predicts that the price of Wolfberry may slightly increase in the early stage of production.
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