TCM prices increase as land shrinks

10:59, August 17, 2010      

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Traditional Chinese medicines (TCM) have risen non-stop since the beginning of this year. In August, the market experienced a major price hike, with prices of some rarer medicines going up by more than 70 percent.

Costs for drug producers have also increased. China Resources Sanjiu Medical and Pharmaceutical Company reported in their half-year statement that the prices for TCM products have increased by 20 percent on average in the first half of this year.

"The market reacted by showing a moderate price increase with some medicines. However, medicines under the regulation of the nation's healthcare reform are not likely to show a price increase in short term," said Guo Fanli, a medical analyst with CIC Industry Research Center.

"Large producers in the industry usually have their own medicine sources, and they have enough inventories to support the production. The victims will be the small- and medium-sized producers," said Guo.

An anonymous source with, a TCM site, told the Global Times that the price hike is mainly due to the poor weather in southwest China in the first half of this year, which is the major production base for many medicines.

Fewer growing areas is another problem, the source said.

Source: Global Times


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