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Medicinal Plants and Extracts BULLETIN MNS March 2011 MEDICINAL PLANTS AND EXTRACTS MARKET NEWS SERVICE (MNS) QUARTERLY EDITION Disclaimer This report has been prepared without formal editing, as a service to exporters and industries in developing countries by the Market News Service (MNS), Division of Market Development, International Trade Centre, The Joint Agency of the World Trade Organization and The United Nations. No part of this report may be reproduced, stored in a retrieval system or transmitted in any form or by any means, without prior permission in writing from the International Trade Centre. The mention of specific companies or of certain commercial products and brand names does not imply that they are endorsed or recommended by ITC in preference to others of a similar nature that are not mentioned. The designations employed and the presentation of material on the map do not imply the expression of any opinion whatsoever on the part of the International Trade Centre concerning the legal status of any Country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Prepared by Josef Brinckmann & Associates ITC Consultant Contacts for Medicinal Plants & Extracts Information Providers: Market intelligence, production and trade data, regulatory news, standards and specifications: Mr. Josef Brinckmann at [email protected] Botanical prices, currency rates, trade event listings, global directory of herbal trade associations: Ms. Tasha Goldberg at [email protected] Cover Picture: Senna plant (Cassia angustifolia) ©2007 Steven Foster. For more information on medicinal and aromatic plant photography by Steven Foster Group, Inc., please visit: http://www.stevenfoster.com 1 EDITORS NOTE MNS Medicinal Plant and Extracts report is a formatted version of a news and information bulletin prepared by the International Trade Centre to promote international trade in medicinal plants and botanical extracts. The revised version of the report includes substantially more information on the structure and function of the market. These additional features have been included after extensive consultation with existing subscribers and trade experts. For subscription details please contact MNS in Geneva at the address given below. Coverage: Issue No. 38 includes six regional reviews: 1. AFRICA: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Côte d‟Ivoire, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mayotte, Morocco, Mozambique, Namibia, Niger, Nigeria, Réunion, Rwanda, Sahrawi Arab Democratic Republic, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, and Zimbabwe. 2. CHINA and other East Asian Countries: Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Mongolia, Myanmar, North Korea, Philippines, Singapore, South Korea, Taiwan, Thailand, Timor-Leste, and Viet Nam. 3. EUROPE: Albania, Andorra, Austria, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, and United Kingdom. 4. INDIA and other Asian Countries: Afghanistan, Armenia, Azerbaijan, Bahrain, Bangladesh, Bhutan, Georgia, India, Iran, Iraq, Israel, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Maldives, Oman, Nepal, Pakistan, Palestine, Qatar, Saudi Arabia, Sri Lanka, Syria, Tajikistan, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan, and Yemen. 5. NORTH AMERICA: Antigua and Barbuda, Bahamas, Barbados, Belize, Canada, Costa Rica, Cuba, Dominica, Dominican Republic, El Salvador, Granada, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago, and the United States of America. 6. SOUTH AMERICA: Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela. The regional reviews cover the six main producing regions of the world. Information on Oceanic countries will be covered from time to time in a special features section of the bulletin. Scope: Each regional section includes news on Demand and supply trends including industry news from the major producers in each region Indicative prices of raw materials Indicative prices of herbal extracts Trade specifications commonly used in each region. Trade fairs and conferences Prices: Prices and quotations are in US dollars per kilo unless otherwise stated. They should be considered indicative only and reflect the price of a product of a specific grade or quality from the specified origin. The level of marker compounds (for chemical standardization of extracts) referred to in quotes is those commonly found in the industry. They do not imply any sort of “trading standard”. In the pricing tables, if a botanical comes to market from both cultivation and wild collection, the order used (Cult/Wild or Wild/Cult) is based on the predominant method of harvest. Great care should be taken when comparing prices of medicinal plants and extracts from differing origins as form structure and biochemical activity may differ considerably between very similar products. 2 Specifications: The selected specification sheets given are actual industry specifications or specified quality grades (e.g. PhEur-grade or USP-grade) commonly used by exporters and importers. We do not guarantee their content or accuracy nor wish to imply that they have any legal status in trade. Subscriptions: To subscribe to the MNS Medicinal Plants and Extracts report or learn more about the many other MNS services provided by ITC please contact: Market News Service (MNS) International Trade Centre UNCTAD/WTO Palais des Nations, 1211 Geneva 10, Switzerland Tel: +4122 730 01 11 Fax: +4122 730 05 72 E-MAIL for general enquiries [email protected] E-MAIL for subscriptions: [email protected] Web: http://www.intracen.org/mns 3 SPECIAL FEATURES Issue No. 38 includes six regional reviews each with a special focus on supply chain risk and increasing uncertainty resulting from one or more factors including climate change, major natural disasters, geopolitical unrest, changing socio-economic conditions, and development causing habitat loss, among other factors. Each section will identify some known supply chain risks of the region, identify the region‟s main high-volume and/or high-value medicinal plants for export, whether these are cultivated or wild collected, and specify which main countries the plant is produced in. In future editions of the MNS we will interview producers in countries of origin as well as suppliers in destination markets to learn about new strategies for mitigating and spreading risk for a sustainable medicinal plant supply chain. Trade Specifications: Each edition contains trade specifications for medicinal plants and/or their extractives from each of six covered regions. In this issue you will find specifications from each of the six regions for medicinal fruit ingredients that are used as components of herbal medicinal products and natural health products: Milk thistle fruit (Africa), Japanese honeysuckle leaf and stem (China, Japan, Korea), European elder flower (Europe), Myrrh gum resin (Western Asia - Yemen), Sarsaparilla rhizome (North America; Mexico), and Ipecac rhizome (South America; Brazil). Back Issues: Each edition also includes an alphabetical reference list of trade specifications that are available in back issues of the MNS since 2001. Global Herb Trade Association Directory: Each edition includes a regularly updated directory with contact information for herb trade associations, councils and export promotion organizations that represent the growers, wild collectors, processors, and traders of medicinal herbs and extracts. Links to Sustainability Standards and Guidance Documents Relevant to the Global Trade of Medicinal and Aromatic Plants and Extracts: Each edition includes a regularly updated section providing links to further information on the various sustainability standards being implemented at medicinal, culinary and aromatic plant harvest sites, the standards setting organizations and certification or verification organizations. Rates of Exchange: 15 February 2011 CURRENCY CODE UNITS 1 / USD UNITS 1 / EUR British Pound GBP 0.6201 0.8366 Canadian Dollar CAD 0.9888 1.3339 Chinese Yuan Renminbi CNY 6.5932 8.8949 Egyptian Pound EGP 5.879 7.9314 EURO EUR 0.7412 1.0000 Hong Kong Dollar HKD 7.7942 10.5152 Indian Rupee INR 45.545 61.4447 Japanese Yen JPY 83.745 112.9804 Malaysian Ringgit MYR 3.052 4.1175 Mexican Peso MXN 12.149 16.3902 Moroccan Dirham MAD 8.2972 11.1938 Nepalese Rupee NPR 72.2 97.405 Peruvian Nuevo Sol PEN 2.77 3.737 Russian Ruble RUB 29.322 39.5583 South African Rand ZAR 7.336 9.897 Swiss Franc CHF 0.9664 1.3037 Taiwan Dollar TWD 29.509 39.8106 United States Dollar USD 1.0000 1.3491 Source: Yahoo!® Finance Currency Converter 4 Some Useful Terminology AEZ: Agri Export Zones API: Ayurvedic Pharmacopoeia of India AYUSH: Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy
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