Rutin Continues Stable Supply When Experiencing Lower Demand
date:2014-01-23
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Poor Harvest
Because of high content of active components (around 20 percent), most rutin manufacturers import Huaimi from Vietnam in China. The rutin level in Jinhuai from Guangxi Zhuang Autonomous Region is higher than that in Vietnam-sourced Huaimi, but Huaimi production of Guangxi is too small to meet domestic demand. Huaimi in other areas of China is excluded by rutin manufacturers due to low rutin content. It is an on-year of Huaimi in Vietnam last year, but Huaimi production decreased 20 percent at least for typhoon and torrential rain during the harvest season. On the other side, the rutin market is not good in China, which also affected Vietnam-sourced Huaimi price. The price rose 2 percent from the last harvest, but Huaimi kept a stable and consistent supply by December.
Infulenced by new policy
State Food and Drug Administrtion (SFDA) reviewed pharmaceutical factories and controlled prices of patent medicine, which limited the profit of rutin-featured medicine and then manufacturers' enthusiasm was tempered. The demand for rutin also declined on the international market. Rutin price remained stable in H1 2013, and then increased by 17 percent on the poor harvest. Influenced by the price controlling policy, the rutin business is not good in China. For the economic crisis, the demand for rutin dropped in America. The demand of rutin had no change in Europe Union, North America and East Asia.
Nearly 10 rutin manufacturers basically maintain production, including Chengdu Okay Pharmaceutical and Xi'an Rainbow Bio-Tech Co., Ltd as well as Huifeng Bio-pharmaceutical Technology Inc. The rutin production will drop this year. Manufacturers are waiting and watching, but the stable supply may continue in the future.
NF11 Rutin Prices in 2013, RMB/kg
Copyright:Herbridge Media
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