What are the prospects for growing Chinese peony (Paeonia lactiflora)?
Chinese peony is a flowering plant in the family Ranunculaceae, genus Paeonia. The part used for medicinal purposes is the dried root, which has effects such as enriching the blood, benefiting the liver and relieving pain, and is often used to treat vascular diseases as well as for pain relief and other symptoms. Moreover, it is not only used medicinally but can also be brewed as tea and processed into health products. As the uses of Chinese peony have been promoted, it has become known to more and more people. So what are the prospects for growing Chinese peony now? Let us analyze it together below.
1. What are the prospects for growing Chinese peony in 2019?
The prospects for growing Chinese peony in 2019 are average. Although Chinese peony is a commonly used bulk medicinal material with very high demand, its growth cycle is also very long, and the capital investment is relatively large. But precisely because its growth cycle is long, the planting area has been continuously decreasing and output has declined, which has in turn raised the market value of Chinese peony. At the same time, only in this way can the enthusiasm of herb growers for planting be stimulated, the planting area expanded, and a certain growing prospect preserved for those with an eye for investment.
2. Analysis of planting costs and profits
The planting costs of Chinese 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. Since the growth cycle of Chinese peony is four years, the total cost is about eighteen thousand eight hundred, and the annual cost is about four thousand seven hundred. After four years, the total revenue from Chinese peony is about sixty thousand per mu. After deducting the planting costs, the net profit is forty-one thousand, and the annual income is about ten thousand yuan.
3. Latest market conditions
The recent market for Chinese peony can be said to be not 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 striata could reach twenty-four to twenty-five yuan per jin, and it continued to develop relatively steadily until 2014. But in 2017, the market for Chinese peony could be said to have entered a downturn, and in 2018 it also developed steadily at a low price. The recent market situation for Chinese peony has actually not changed much compared with 2018, and the subsequent market conditions remain to be seen.
4. How much is Chinese peony per jin?
The market price of Chinese peony is related to various factors such as its output, 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 is basically stable at around eleven to fourteen yuan per jin. At present, the highest price of Bletilla striata on the market is about eighteen yuan per jin, and when the market is down, it can even sell for only seven to eight yuan per jin.
Whether growing Chinese peony can make money is a question that many herb growers are very concerned about. However, because Chinese peony has a relatively long growth cycle, it is actually very difficult to control in this changeable market, which also increases the risk of growing Chinese peony. That is all for this editor's sharing. If you want to learn about the latest market information later, keep following us.