although its wayyy to early as we've got at least 2 more months or so til most seasons open. and the chinsese economy bein upside down.....were do you guys see seng opening at? i'm gonna guess 375-400.

whats your guess?

300 maybe a little more, but not much. lot of seng left in buyers hands from last year. Market weak in China.

We are having a pretty good drought in Ohio. I'm not sure how dry some of the other states are. Could be a lower harvest this year due to the dry conditions which will help the price later in the year.

In southern Indiana we are having loads of rain. This could change in August and if it does and we do have a drought, prices may rise. You still can't forget the large amts. of Ginseng left in the country and China that could possibly be enough root to offset any kind of drought conditions.

Any body hearing any opening prices now that its closer to season?

Nobody knows where to start new season prices ,at this time.Prices will be low and probably remain low through October maybe later. Prices may start from 200 to 500. At this time all us dealers are talking to each other to try and decide what to start out at.
From the information that I get, there was a very important buyer in Hong Kong that sold a very large amount of Ginseng sometime in either December or January of last season. From what I understand, this buyer became insolvent for some reason or the other. In order for him to liquidate his stock of wild Ginseng, he sold his Ginseng for 450 a pound.I get a little conflict on the amt. he sold, but from the info I got, it was around 10,000 to 15,000 pounds of Ginseng.
With the amount he sold for cheap prices coupled with seng dealers that are holding seng from last season, it is having a very unsettled effect on new market prices for this season. I have heard and can't verify the info, that there could be as much as 3000 pounds in one country buyers hands that he could not sell for a profit last season. Also hear that several country dealers are holding anywhere from 10 pounds to several hundred pounds of root that Chinese buyers would not honor their commitment to pay the price to the country buyers that had been agreed to. If the country buyers held their root to late last season, there could be up to at least a 200.00 loss per pound of root these country buyers own.
The above problem coupled with a very wet season-in parts of the Ginseng belt, is causing the low start and confusion in Ginseng prices for this season. It is going to be a very slow start this season and may very well not be a good season until after the first of the year and maybe not even then.

ty for the update don

Very dry down hear sang dieing early this year.

Anyone selling any?? Very wet up here and flooding. Heard $150.00 lb green.

300 per dry pound here in my section of il

350 here is what I am paying.

think it will go up any as winter comes around?

I hope so and normally I would say yes, but I think I am pushing the limit on my typ of seng at this time.I guess it will all depend on how big the dig is and if the Chinese want seng very bad.

We had all kinds of rain. My spots are producing about double the number of roots an they are running lots bigger to boot. Maybe they might dry down more than usual, wait an see.

Normally this time of yr the berries are gone but not this yr, most still had berries as of yesterday.

I've been getting $170lb wet for good root.

Any movement on prices yet?

450 here at my shop.

Thanks don