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Scutellaria price is clearly affected by supply and demand, and market fluctuations should be viewed rationally

Agriculture Encyclopedia By Emily Carter 0 views
2019-07-12 Source:Nongxun.net Author:Nongxun

Scutellaria is a commonly used Chinese medicinal material, derived from the dried root of the Lamiaceae plant Scutellaria baicalensis. It is traditionally used to clear heat and dry dampness, and to purge fire and resolve toxins. It is mainly produced in Shanxi, Shaanxi, Gansu, Inner Mongolia, Hebei and other places. The price of scutellaria usually refers to the trading market conditions for its dried root in the medicinal materials market, often priced by specifications such as general goods and selected goods, and the differences between different production areas and grades are quite obvious.

Scutellaria is generally harvested after growing for two to three years, so the cycle is relatively long. Planting area, weather changes and the amount harvested in the current year all affect market supply. On the demand side, it mainly comes from Chinese herbal decoction pieces, Chinese patent medicine production and extract processing. When new goods are concentrated on the market or inventories are relatively high, prices tend to come under pressure, while when supply is tight, market conditions are likely to strengthen.

Like many agricultural products, scutellaria prices also show certain cyclical fluctuations. Concentrated expansion or reduction of planting by growers often translates into changes in supply tightness after several years. Paying more attention to purchasing trends in production areas, medicinal materials market conditions and the progress of the new harvest can help make a more comprehensive judgment of the trend and avoid drawing conclusions based on a single quote alone.

For growers, price is only one reference for decision-making, and it is also necessary to comprehensively weigh local climate and soil conditions, planting costs and sales channels. Grasping the harvest timing well and stabilizing the quality and grade of the medicinal materials are the ways to strive for relatively stable returns amid market fluctuations.

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