Up 20% in two months, Chinese medicine is more and more expensive

According to the Oriental Daily of Malaysia, the exchange rate of ringgit to RMB is still weak, which leads to the price of traditional Chinese medicine still rising in the next few months Since the beginning of this year, the price of many traditional Chinese medicine in Malaysia has doubled, consumers have reduced their purchases and hit the sales volume of retail traditional Chinese medicine stores In the past two months alone, the price of imported Chinese medicines has risen by about 10% to 20% The Chinese medicine stores interviewed warned that the price of Chinese medicine will continue to rise Xu Piquan, director of the traditional Chinese Medicine Association of Johor Prefecture, said that in the past six months to one year, the price of most traditional Chinese medicine has gradually increased, and there will be no sign of softening in the coming months The price of traditional Chinese medicine will only be higher and higher "Due to the reduction of Chinese herbal medicine production and the deterioration of the climate, the price of herbal medicine will only rise and not fall, and the weak exchange rate of ringgit will directly affect the import price of herbal medicine." In an interview with Oriental Daily, Xu Piquan revealed that the market of medicinal materials is monopolized by some enterprises, which is also the main reason for the price to rise or fall He said that the rising price of traditional Chinese medicine has a straight-line impact on importers, wholesalers, retailers and consumers This is because the rising price of traditional Chinese medicine has prompted consumers to reduce consumption, with an impact rate of about 10% It is understood that the price of Chinese herbal medicines with high local demand has jumped three levels in the past one or two years, and the price of some Chinese herbal medicines has more than doubled in half a year Because traditional Chinese medicine is the most important Chinese medicine, especially for the patients or mothers who need long-term health care, the price of traditional Chinese medicine is no more expensive, but they have to bear the pain He also said that China is the only country in the world that exports traditional Chinese medicine If there is a natural disaster or bad climate in the country, such as drought or flood season, it will affect the production of traditional Chinese medicine "Even if bad weather or natural disasters do not affect the origin of medicinal materials, Chinese exporters of medicinal materials will take advantage of the situation to raise prices." It is understood that in the past half a year, the price of most traditional Chinese medicine has gradually increased, ranging from 20% to 200% For example, the price of Jilin ginseng, which is the most commonly used soup in the catering industry, has increased by 30% from about RM200 per kilogram at the beginning of this year to rm260 in the near future In order to retain customers and stabilize sales volume, traditional Chinese medicine stores are afraid to start selling at the same price and have been selling at the same price But from this month on, the price is getting higher and higher based on the stock up The industry can no longer dilute the increase, only to raise the price Chen Wencai, a person in the industry of culture, finance and medicine, said that faced with the problem of gradually rising supply prices, the retail industry of traditional Chinese medicine has a great impact on the field of retail medicine due to the small cost and profit and the reduction of consumers' purchase due to the economic downturn According to the store's performance, at least 30% of the business volume has been affected by the sharp rise in the price of medicinal materials in the past six months, which has led to customers' reduction in consumption or temporary reduction in consumption of traditional Chinese medicine, he said.