Jinshi data news on June 27th, the topic of the sharp rise in the price of Chinese medicinal materials has once again become the focus of market attention, and the commonly used medicinal material Bai Zhu has been referred to as “crazy price surge exceeding gold”. In addition to Bai Zhu, the niche medicinal material Cat’s Claw has also soared in price in just 10 months. Subsequently, the price increase also appeared in the category of spice medicinal materials, and pepper has become a new “star” of price increase. The price of Bai Zhu in the Anguo market specifications was only 27 yuan per kilogram in January 2023, and fluctuated to 85 yuan per kilogram in October 2023, and soared to 180 yuan per kilogram by June 2024, with the recent price stabilizing at this high level. Regarding the price increase of this year’s unique spice category, some market participants also believe that speculative capital is the main reason behind the price increase.
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