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2023 Herbs and Botanical Trends

The article provides an update on the Chinese herb market, highlighting significant increases in prices due to factors such as adverse weather conditions, labor shortages, cash flow dynamics, and inflation. Weather-related challenges, including dry spells and flooding, have led to poor herb harvests in key provinces like Gansu and Sichuan. Labor inefficiency and a decline in skilled workers, coupled with an influx of capital into herbal markets, contribute to the upward pricing trend. The article advises businesses to engage with trade associations and consider the impact of tariffs on Chinese herbs in their pricing strategies.


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