How are the prospects for growing white peony (Radix Paeoniae Alba)? Latest analysis

White peony (Radix Paeoniae Alba) is a flowering plant in the Ranunculaceae family, genus Paeonia. The part used for medicinal purposes is the dried root, which has effects such as nourishing blood, benefiting the liver, and relieving pain, and is commonly used to treat vascular diseases and symptoms such as pain. Moreover, it is not only used medicinally, but can also be brewed as tea and processed into health products. As the value of white peony's uses spreads, it is becoming known to more and more people. So what are the prospects for growing white peony now? Let's analyze it together below.

1. What were the prospects for growing white peony in 2019?

The prospects for growing white peony in 2019 were average. Although white peony is a commonly used bulk medicinal herb with great demand, its growth cycle is also very long, and the capital investment is relatively large. But precisely because its growth cycle is long, the planted area has been continuously decreasing and yields have dropped, which has in turn raised the market value of white peony. At the same time, only in this way can the enthusiasm of herb farmers for planting be stimulated and the planted area expanded, preserving certain growing prospects for those with an eye for investment.

2. Analysis of planting costs and profits

The planting costs of white peony mainly consist of seedling costs, fertilizer, pesticide inputs, labor costs, land rent, and other expenses. Growing one mu of land generally requires about three thousand seedlings, costing about one thousand nine hundred; the total input for pesticides and fertilizer is about five hundred; labor costs are about one thousand three hundred; land rent is about eight hundred to one thousand, and since the growth cycle of white peony is four years, the total cost is about eighteen thousand eight hundred, with an annual cost of about four thousand seven hundred. After four years, the total revenue from white peony is about sixty thousand per mu; after deducting planting costs, the net profit is forty-one thousand, with an annual income of about ten thousand yuan.

3. Latest market conditions

The recent market for white peony cannot be said to be very good, but compared with the previous market conditions it is already quite good. From 2010 to 2011, the market conditions were still very good; at that time the market price of bletilla (Bletilla striata) could reach twenty-four or twenty-five yuan per jin, and it continued to develop relatively steadily until 2014. But in 2017 the market for white peony could be said to have entered a sluggish phase, and in 2018 it also developed steadily at low prices. The recent market situation for white peony actually has not changed much from 2018, and the subsequent market conditions remain to be seen.

4. How much is white peony per jin?

The market price of white peony is related to various factors such as its yield, quality, place of origin, and market conditions. Judging from its current market conditions and planting status, its market price will not be very high either. Generally speaking, it basically stabilizes at around eleven to fourteen yuan per jin. At present, the highest price of bletilla on the market is roughly eighteen yuan per jin, and when the market is down, it can even sell for only seven or eight yuan per jin.

Whether growing white peony can make money is a question that many herb farmers care about greatly. However, because white peony has a relatively long growth cycle, in this changeable market it is actually very difficult to control, which also increases the risk of growing white peony. That's all for this editor's sharing. If you want to learn about the latest market information later, keep following us.