Maca, an herb used to boost male sexual potency in traditional Chinese medicine, is likely to maintain its popularity in China if price is a factor. The herb is one of 513 TCM raw materials listed in a price report released on Monday [24 August 2015] by the Department of Sociology at Renmin University of China and Kangmei Pharmaceutical Co. It is the first comprehensive compilation of market prices for TCM raw materials and was recognized by the State Administration of TCM. Prices of TCM raw materials fluctuate a lot, the report showed. Fifty-six percent of those covered saw unit price drops in the second quarter of the year, the report said…Full Article: China Daily Aug 2015

Key Points

  • China has almost 42,000 TCM specialty hospitals (4.3% of total hospitals) located throughout the country.
  • The most expensive TCM products include caterpillar fungus (dead moth caterpillars from Tibet and Qinghai), pipe fish, saffron and pilose antler, while the cheapest TCM items include oyster, mirabilite, gypsum, alums, and Artemisia apiacea.

ChinaAg Comments

  • In 2013, sales in mainland China of TCM products totaled approximately CNY 120 billion (~US$19.3 billion).
  • Founded in 1997 and headquartered in Puning , Guangdong province, Kangmei Pharmaceutical is a major producer and distributer of Traditional Chinese Medicine (TCM) products. The company also manufactures herbal-based beverages.

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