Ministry of Commerce: Chengdu Price Index of Traditional Chinese Medicines fell for eight consecutive weeks

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The Ministry of Commerce of the People's Republic of China on the 14th business forecast, Chinese herbal medicines entered the harvest period, new production of medicinal herbs were successively listed, and prices of Chinese herbal medicines continued to decline. Last week (September 5-11) Chengdu's price index for Chinese herbal medicines was 113.7 points, down 0.2% from the previous week, falling for eight weeks in a row, and down 9.7% from the middle of July. The prices of plant flowers, plant root ciliate, and other plant herbs decreased by 2.1%, 1%, and 1%, respectively.

According to the report, there is ample supply in the market and it is expected that there will still be room for decline in the price index for Chengdu Chinese herbal medicines in the later period.

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