Sino-report
Home Sign in Research report Data Center Industry News Custom Research About us
Research report:                          Automotive  |  Electronics  |  Mechanical&Automation  |  New Energy  |  Medical  |  Advanced Materials  |  Building Products  |  Transportation  |  Communication  |  Chemical  |  Finance  |  IT Industry  |  Food  |  Home Appliances  |  Forestry  |  Agriculture  |  Textile  |  Culture Industry  |  Consumer goods  |  Others  |
 Home > Industry News > Medical > Text
TCM's increasing price has many concerned
Author:Sino-report    Source:Xinhua    Number of clicks :     Update time:2011-05-23 11:18
Sino-report News Center May 2011

TIANJIN -- Not long ago, Wang Qing could spend a few dozen yuan on traditional Chinese medicine (TCM) to chase his cold away. But now the price has soared into the hundreds.
"I cannot afford TCM any more," Wang lamented.
Recently, the price of "Lifei Pian," a TCM medicine to eliminate phlegm, has doubled in price to 50.9 yuan ($7.5).
The cost of other TCM medicines, including ginseng tablets and remedies for treating children's lung diseases, has surged.
TCM's increasing cost has many concerned. Netizen "Nanhaiweishi" worries that if TCM becomes too expensive and only for the rich, future generations may lose touch with it, which would be a blow to the nation's intangible cultural heritage.
Experts say there are many reasons for TCM's rising prices.
Yang Shengchao, an associate professor at Yunnan Agricultural University, said excessive excavation was to blame.
A study by researchers at Chengdu University of TCM in southwestern Sichuan province shows that "Rhizoma Paridis," a raw material for a type of TCM that treats poisonous snake bites, is now hard to find in Kunming, where it originates from.
"It takes about 10 years for 'Rhizoma Paridis' to grow to fist-size, but now they are usually dug up long before they mature," Yang said.
He said fist-sized "Rhizoma Paridis" is hardly seen now, and the price has soared to more than 200 yuan per kilogram from only several yuan in the late 1990s.
It might be assumed that farmers are benefiting from the price surge, however, they have gained little or nothing, according to Chen Wenguang, director of the agricultural bureau of Santai county in Sichuan's Mianyang, a major TCM production base.
Chen said TCM raw materials go through lengthly processing before getting to pharmaceutical companies.
"Farmers generally do not have storehouses, so they have to sell the entire amount of raw materials they've grown. Prices are decided by dealers," he said.
Zhou Fengqin, professor of the Shandong University of TCM, said the hoarding of medicinal ingredients by some farmers and dealers has caused the price increases.
Other factors include changes in the herbs' growing environment, rising production costs and a labor shortage, which makes the output of TCM raw materials unstable, Zhou said.
She said production of medicinal materials is easily affected by the environment and climate change.
In addition, Zhou said TCM is now pursued by a greater number of industries, and this had led to higher demand and subsequently, higher prices.
Xian Sheng of the China Association of TCM said that compared with other medicines, more money is needed for TCM's storage and processing, as its guaranteed-quality period is very short.
"Most TCM enterprises gather raw material from distributors, instead of storing it for themselves, so the prices fluctuate with supply and demand," he said.
However, large companies such as Beijing TRT have their own production bases, which ensure an abundant supply of its products.
The government stepped in on May 5, as the Ministry of Commerce issued the first guidelines for the development of the TCM, emphasizing that the government would regulate the herb market over the next five years, focusing on tests of harmful material residue and quality inspections, as well as establishing a raw material storage system.
Yang Fan, manager of Lotus TCM wholesale market in Chengdu, suggested that an online platform should be set up to publish information on TCM market movement, production cost, and trading volume in order to maintain balanced prices.
He said the platform could prevent dealers from hoarding herbal medicine for speculation and create a more transparent trading environment.
 

Order Online
Contact Us
Tel: 400-988-9999
Fax:010-82889999
Phone :+8615313587056
Email:Sale@sino-report.com
Email:Cousult@sino-report.com
Online Consultation
MSN :Sino-report@hotmail.com
MSN :Sino-report@foxmail.com
Skype: Please Please
Latest Reports
  More>>
[Medical] Medical device manufacturers display their latest technology
[Medical] Initiative helps boost traditional Chinese medicine
[Medical] Cancer drug prices set to drop
[Medical] Traditional Chinese medicine exports rebound in 2017
Popular reports
  More>>
Medical device manufacturers display their latest technology
Industry Data
  More>>
China opens market to Kenya's agricultural products
China's publishing industry booming over past 40 years
Industrial Production Operation in July 2018
Total Retail Sales of Consumer Goods in July 2018
National Real Estate Development and Sales in the First Seven Months of 2018
NSDP/SDDS for the People's Republic of China
Market Price of Important Means of Production in Circulation, July 01-10, 2018
In the first five months of 2018, the profits made by industrial enterprises above the designated siz
Purchasing Managers Index for June 2018
Market Price of Important Means of Production in Circulation, June 21-30, 2018
In global EV battery shipments during Jan - Apr 2018, LG Chem and Samsung SDI ranked 4th and 6th
Based on Jan - Apr shipment record, Kia Motors Remain on Top 10 in Global PHEV Power Brands Ranking
Consumer Prices for May 2018
Producer Prices for the Industrial Sector for May 2018
Industrial Production Operation in May 2018
Investment in Fixed Assets for the First Five Months of 2018
National Real Estate Development and Sales in the First Five months of 2018
Producer Prices for the Industrial Sector for April 2018
Stable Performance for the National Economy in April
Total Retail Sales of Consumer Goods in April 2018
Industrial Production Operation in April 2018
National Real Estate Development and Sales in the First four months of 2018
Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in April 2018
Industrial Profits Increased in the First Four Months of 2018
Industry News
  More>>
Iron and steel sector gains strength
China’s wines take center stage
Machinery manufacturing fair boosts Sino-Russian ties
Medical device manufacturers display their latest technology
Soybean farmers store crops amid hopes of higher prices
Tourism industry opening on agenda
Tech competition eases startups' access to China market
China's excavator sales grow 44.9% in October
China's solid waste imports continue to slump on tightened ban
Delivery orders jump 25.12% to 1.35b on Singles Day
Related Links
Tasly Group announced a $40 million investment plan in US
Foci Pharmaceutical Company applies for EU product license
TCM gains ground in Denmark

Sitemap       |       Join Us      |       Customer Service       |       About Sino-report
Copyright © 2011-2025 Sino-report Consult Inc.
Sino-report@hotmail.com    Postmaster@sino-report.com
No.18 Zhichun Road, Haidian District. Beijing 100089.China
Information and data contained in this site is for reference only pursuant to operate your own risk
Sino-report