SunSirs: The Market Situation of Wolfberry was Poor and the Trading was Bleak Last Week
November 11 2022 09:13:33 SunSirs (Selena)
On November 6, the index of traditional Chinese medicine was 1,486, unchanged from the previous day, 1.65% lower than the highest point of 1,511 (2022-10-20) in the cycle, and 52.41% higher than the lowest point of 975 on November 25, 2019. (Note: the cycle refers to the period from June 30, 2019 to now)
According to the price monitoring of SunSirs, in the 44th week of 2022 (10.31-11.4), there was a total of 1 rising commodity, 3 falling commodity and 4 zero rising and falling commodities in the list of prices of traditional Chinese medicine. The main commodities that rose were: Chinese wolfberry (0.58%); The main commodities that fell were Sanchi (-1.24%), Forsythia suspensa (-1.04%) and Ophiopogon japonicus (-0.42%). The average rise and fall last week was -0.27%.
The incoming goods from the production area increased, and the market demand performance weakened, mainly in small batches and sporadic demand. Due to the abundant supply of goods, many merchants actively sold, and the market declined slightly. The current market price of 280 wolfberries in Ningxia is 45-47 RMB/kg, and that of 280 wolfberries in Qinghai is 35-37 RMB/kg.
The epidemic situation in Ningxia has improved, the market has been unsealed, the logistics has started to move, the demand has increased, and the market price is firm. At present, the price of 280 wolfberries is about 56 RMB/kg, and 380 wolfberries is about 49 RMB/kg.
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