Can the Price of the Newly Produced Cornus Officinalis Continue to Rise?

Can the price of the newly produced Cornus Officinalis continue to rise?

Cornus officinalis is still under producing. This year, this variety has experienced an abnormal temperatures during the spring flowering period, high temperature and drought in summer, and even hailstorms. This has caused many parties such as origin merchants, market merchants, large households, and pharmaceutical companies to maintain a high degree of attention. and heated discussion.So, what is the actual production situation in this year's production area? How has the supply and demand for dogwood fruit changed? Can it continue to rise in the later stage?

1. The price trend of the Cornus Officinalis in recent years

Judging from the historical price trend of the dogwood fruit, it can be said that the price of dogwood has been regular in recent years. In 2017, its price increased, and in 2018, the price reduced. In 2019, its price rose while in 2020 its price decreased again. In 2021, its price increased. In 2022 the situation is special. In addition to the price drop during the off-season of the traditional Chinese herbs, this year’s new products did not drop in price. On the contrary, they became a hot spot in the Chinese herb market before the new product was launched.

2. The status of production this year.

Although the dogwood fruit is plagued by diseases and insect pests every year, coupled with the repeated abnormal weather this year, the phenomenon of poor fruit setting of Cornus officinalis in many areas has intensified, resulting in a large-scale of reduction in the production.

3. The current trend analysis

The repeated extreme weather and the continuous production reduction of the dogwood fruit have provided the room for price increases. However, due to the combined effects of multiple factors such as the epidemic and high prices, there is no expectation of price increases. Therefore, at present, It is also difficult for the price of Cornus Officinalis to continue to rise. However, based on the analysis of the current production area and market conditions, in view of the impact of the abnormal weather in recent years on its production, income reduction and high cost, many merchants still maintain firm confidence in the market outlook. They believe that perhaps with the continuous consumption of the supply and the support of merchants, the market will still have a positive trend.