The relationship between supply and demand is now reversed, and prices of Chinese herbal medicines have plummeted by more than 50%.

After the National Development and Reform Commission first intervened in the price of Chinese herbal medicines, the price of high-priced Chinese herbal medicines plummeted, and some of them reduced prices by more than 50%. Yesterday, when the reporter visited the Qingping medicinal herbs wholesale market in Guangzhou, the prices of Chinese herbal medicines generally fell back in recent months.

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Taizi ginseng wholesale price plummeted 50%

As the largest herbal medicine wholesale market in Guangzhou, the Qingping medicinal herbs wholesale market has always been a benchmark for the market of the Chinese medicine market in Guangzhou. During the interview, the merchants stated that the recent decline in medicinal materials is generally large. The more commonly used Chinese herbal medicines such as chrysanthemum, the wholesale price dropped from 1.2 yuan to 0.72 yuan per 10 grams, Tian Qi dropped from 10 yuan to 5.4 yuan per 10 grams, the decline is basically about 40%. Taizishen has the largest reduction in price, from 8 yuan per 10 grams to 3.6 yuan, a drop of more than 50%. Reporters yesterday saw on the Chinese herbal medicine e-commerce platform "Chinese herbal medicine world network", according to the latest published monitoring data show that in the monitoring of 537 kinds of medicinal herbs, a drop of up to 46%.

Apothecary: Losing money after falling

Chinese herbal medicines plummeted, and drug dealers were completely lost. Reporters found in the Qingping medicinal herbs market that in the past they were able to buy bulk goods at wholesale prices. However, most retail shops were not interested in individual customers yesterday. Mr. Zhou, a drug trader who has been doing business for 4 years in Qingping Market, told reporters that there are currently 300,000 goods in the store, and more than half of them are imported in July this year. If they are sold at current market prices, “it is estimated that they have to lose more than 300,000 yuan.”

Falling wholesale prices have been afflicted by tonic stores. Huang Bo, who runs a nourishing shop in Nanpu Island, told reporters that major profit products such as heterophylla and Codonopsis are falling as the prices of Chinese herbal medicines plummet this year. "More customers come and lose money."

Pharmacy: Retail prices are basically stable

Afterwards, the reporter visited a number of retail pharmacies in the city and found that prices of Chinese herbal medicines remained basically stable. For example, the retail price of Chrysanthemum in Sports Xiyi pharmacy is 0.9 yuan per 10 grams, Tian Qi is 6.5 yuan per 10 grams, and Taizishen is 5.8 yuan per 10 grams.

According to the pharmacy staff, most of the pharmacy's Chinese herbal medicines were purchased at the beginning of the year and have not yet consumed the stocks. Therefore, the basic purchase price is not completely linked to the wholesale market price. There is still a lag in price changes in the medicine retail market.

The reporter learned that the national herbal medicine market price index has dropped by more than 400 points from 2900 points so far in July. Due to the large drop, it has already begun to affect the retail market in the near future. According to the monitoring data published at the end of the month, Chinese herbal medicines, Tiandi.com showed that, compared with the price of the previous month, among the 537 kinds of medicinal materials monitored, 195 varieties of price reductions accounted for 36% of the total, of which the most significant decline was in nourishing herbs, with the highest drop of more than 50%.

The reason behind the reversal of supply and demand

The reporter learned from the Chinese herbal medicine wholesale market that the substantial increase in the supply of medicinal herbs was the main “black hand” that caused prices to fall. The reason behind this is that the price of Chinese herbal medicines has soared for many years, stimulating suppliers, and medicine farmers have come to plant medicinal materials, and their output has risen sharply. This has far exceeded the actual demand for medicinal herbs.

In the fall and winter seasons when herbs are sold for the peak season, the price of Chinese herbal medicines will continue to fall. Qingping herbs market reflects many businesses, sales, supply, Chinese herbal medicine prices will continue to decline. (