Panax Ginseng pricing has always been up and down. It's a very valuable herb used for the treatment or prevention of so many different ailments that demand is high. The 4-5 year growing cycle means production takes a long time, making it a relatively scarce herb.
In recent years, there has been an explosion in it’s use in the Western world, which has sent the value of Panax Ginseng way up, to cope with the additional demand.
Panax Ginseng currently sells for as much as $500-600 per pound.
‘Real’ Panax Ginseng from Asia is more valuable than the North American equivalent, which is often sold as a substitute for Chinese and Korean Panax Ginseng. The 'American Ginseng' however, does not have the clinical evidence, nor centuries of traditional anecdotal evidence of it's effectiveness as a supplement.
Pricing Home Grown Ginseng
Growing your own Panax Ginseng can be a profitable venture. Seed costs about $150 per pound and the crop will sell for $500 plus per pound. However, it will take years for the crop to be ready for harvest, so if you do look to make extra cash growing Panax Ginseng, you are going to have to wait at least 4 years to turn a large profit.
After about 2 years you can start to sell the seeds and rootlets. You will get a great return on your investment when it does come to full fruition and you can start selling the herb.
Over 90% of the world's Ginseng is sold in China - which makes sense, because it has been widely used in Chinese medicine for over 5,000 years. The vast desire for the Ginseng herb is causing wild Ginseng to all but die out, as it is aggressively harvested in it’s native Asian locations. This is pushing the value of Panax Ginseng ever higher.
Combine that with the fact that the West is starting to catch on to the benefits of Panax Ginseng and the value of this special herb looks set to continue its upward trend.
As you can see from the graph below, ginseng prices have massively increased with demand over the past few years.
As the Chinese economy continues to grow and there is an expansion of the affluent middle-classes, the demand for Panax Ginseng continues to increase, as more of the Chinese population can afford to buy it, for it’s many medicinal uses.
Prices for Panax Ginseng supplements range from around $50 for inferior American farmed Ginseng, up to over $100 for authentic wild Asian Ginseng. The North American grown Ginseng is cheaper, but often a different strain to the Panax Ginseng that has been traditionally used in Chinese medicine and is the subject of dozens of clinical trials.
Therefore, the validity of taking the cheaper supplements is in question. It has never been studied and doesn’t have the anecdotal evidence supporting its usage either.