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Market Price for Wild Ginseng
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Kentucky is the USA's largest supplier of wild ginseng. Brokers will sell the highly prized Kentucky root for as much as $1,000 a pound to Asian markets, says Fitzgerald, who runs the state's ginseng program. Many Asian cultures revere the root for its medicinal properties.
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Growing it commercially is good too, but it involves quite a lot of expense, time, etc., but it is profitable if one wants to make a business of growing it but remember, you will only get a fraction of the price of wild-stimulated ginseng.
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Growing wild ginseng is different. ... Ginseng Market; China is a vital component to ginseng business. Over 90% of ginseng harvested goes to China. The market has always been Chinese ... But you can harvest the ginseng seeds when they are 5 years or older. Ginseng seeds are also so valuable that it can be sold for a good price.
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NO NONSENSE site on the sale and growing of ginseng. GREAT PHOTOS, Premium Seeds, Organic Roots, Goldenseal, FAQ, books, soil testing and valuable links. ... If this should happen, we feel that the 'wild-simulated' ginseng would be called upon to satisfy the market needs. Prices will approach the levels of true 'wild' ginseng.
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The market price is higher than field-grown ginseng but not near that of wild ginseng. ... Virtually Wild Ginseng -- a type of wild ginseng which is sown in a natural fashion in a suitable ginseng-growing woodlands with natural tree canopy and with no disturbance of the leaf litter, except to insert the seed.
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In recent years poaching has become a more widespread problem as the high price of wild ginseng is known to more people. Traditional diggers, or "sangers," or wild crafters are as shocked as others by this influx ... A second problem related to virtually wild ginseng is that of finding a fair market for the product.
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In spite of these difficulties, Ginseng is a profitable market crop whose price is dependent upon marketable characteristics such as size, color and shape. Cultivated roots are usually heavier and more uniform than wild roots, although they command a lower price in the market.
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I am often surprised to see the prices that people try to sell it for in the U.S., because I know that I can buy even better stuff in Asia for that price. Crazy world that we live in... many 'sang hunters in the hills of Kentucky often try to charge an incredibly high price for wild American ginseng.
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A market for pawpaw fruit in the near future may include the pharmaceutical industry. ... The price for wild roots has since dropped to about $200 per pound due to the Asian financial crisis, but it is still a potentially lucrative crop. Ginseng requires about 70% shade, such as that produced by forest trees.
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Cultivated ginseng is about 1/5 the price of wild harvested ginseng. Some people say the wild ginseng is better, but it is debatable that it could be so much better as to be worth the difference.
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Market Price for Wild Ginseng
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