TCM prices increase as land shrinks

10:59, August 17, 2010      

Email | Print | Subscribe | Comments | Forum 

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 yt1998.com, 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

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion