The Analysis & Outlook of Ginseng and Its Extracts
date:2016-12-15
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China is the biggest production country of ginseng, its output accounts for 70% of the world's total. Chinese ginseng mainly comes from three provinces-- Heilongjiang, Jilin and Liaoning, among which, Jilin’s output covers about 85% of the national production volume. In 2015, the planting area of ginseng in China is 12000ha, the ginseng planting steps into the large-scale and planting area-based developing mode, so no matter the planting area or the production volume is remarkable, and the planting area is highly concentrated, the industrialization of ginseng planting has preliminary formed. In 2015, the total output of fresh ginseng is 31,800 tons, which rose by around 28.6% compared with that of 2014. The total output of dried ginseng is about 9,100 tons in 2015.
Chapter 2. The Harvest Volume and Price Forecasting of Ginseng in 2016
The 2016 harvest of new ginseng in Northeast China has come into an end, but the processing is continuing, and the market quotations of the low pesticide residue ginseng and the high pesticide residue one are totally different. On one hand, the price goes up constantly for the processed dried whole ginseng with low pesticide residues, it reaches 290¥or more, even the worst quality worth 260¥. On the other hand, the processed dried whole ginseng with high pesticide residues only worth 160-180¥, much lower than that of the low pesticide residue ginseng. Influenced by the market downturn of ginseng, the local farmers all put off the harvest of ginseng , which will results in the output summit in the next 2 years. The real production volume of 2016 is only 4,500- 5000 ton(50% for ginseng, and 50% for red ginseng), far less than that in 2015.
Chapter 3. The Market Stock and Price Trend of Ginseng Extracts in 2015
The export volume of Chinese ginseng extracts is nearly 40 tons in 2015, the hot-sale specification is 5%-15% of ginsenosides. The amount of exports exceeds $39 million, among which, the export amount of Germany, Canada, the United States, North Korea and China Taiwan accounts for more than 60%. Aimed to stabilizing the prices of their own ginseng extracts, the leading enterprises which see ginseng extracts as the main product will be fully reserved of raw material ginseng. Thus, the market prices of ginseng extracts are relatively stable, and the price is 300- 2000 ¥ per kilogram in accordance with the different specifications.
With ginseng approved as the new resource food, and authorized to enter the European Pharmacopoeia, the ginseng extract market in 2016 still maintains a stable trend of growth. Chinese ginseng extracts are mainly exported to the United States, Europe, Southeast Asia and other countries. In 2016, the FDA of America and the Europe are more and more strict with ginseng extract products, especially for the pesticide residues, the European market requires that ginseng extracts must meet the regulation (EC)No.396/2005 while the FDA of America requires more, which means except from meeting the regulation (EC)No.396/2005, the propamocarb in ginseng extracts should be less than 0.01ppm. At present, few enterprises can solve this problem from the technical aspect, so these several companies are playing a role of monopoly. They have been maintaining the stable prices, keeping them from falling and at the same time ensuring the quality of products.
Chapter 5. The Forecast of Ginseng Planting and Market Price of Ginseng Extracts in 2017
As the ginseng price has been falling after the first harvest in 2016, the farmers feel hard to bear, so they delayed their harvest, which may lead to the increase of ginseng output in 2017 and 2018, and even reach the historical peak of output. The accumulated planting capacity will hazard the market in the next 3 years. Planting for 1 more year, the production capacity will increase at least 20%, let alone the planting area. The output of ginseng is predicted to be 10000 tons in 2017 and nearly 15000 tons in 2018. Under certain capacity of market, it is predictable that the prices of raw material ginseng and its extract will fall due to the increased production of raw material.
Currently, the international market of ginseng extracts has no standard for quality control, which leads to the leak of fake ginseng extracts or unqualified ginseng extracts into the market. In order to better standardize the international purchasing environment and bring the excellent technology as well as the good quality to the world, Acegem Biology has defined “qualified ” as meeting both American FDA standard and the regulation of (EC)No.396/2005. Acegem Biology will be contributing to the healthy, sustainable and win-win international market.
 
Author: Ban Fengshun
Title: General Manager

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