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Dried Goji berries Market Report updated to Apr.4, 2016

Author:Panda Date:2016-4-4 15:14:54

Dried Goji berries Market Report updated to Apr.4, 2016

                                                                 Goji berry materials market

      Since Jan., 2016, Dried Goji berries price kept decreasing and reached to lowest price in history till Mar.22, 2016, which was already lower than farmers' planting cost, which had never happened in hisdory.

      The main reason was caused by very weak Chinese domestic sales, which shares more than 90% market and export quantity is only less than 10% market share. Weak world economic effected China economic a lot, which caused very weak domestic Goji berry sales.

      But since Mar.22 till today, Dried Goji berries price began to increased by USD300/MT, but we expected this rise in price will not be sustainable, because it is not pushed by more demand but less supply. The farmers began to hold Goji berry materials and stopped to sell because of extremely lower price than planting cost. what's more, sustainable fall in price made Goji berry material wholesalers keep losing money, which caused less and less Goji berry materials on market, then demand began to exceed supply and price began to increase.

      Because there is still no evidence that China economic and domestic Goji berry sale will became better soon, we expect there would be no big price rise but probably increase a little bit or maintain latest price till new crop season in July.

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