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Market Insider Quarterly Bulletin Market Insider Quarterly Bulletin MEDICINAL PLANTS & NATURAL INGREDIENTS MARKET INSIDER September 2015 0 Disclaimer The ITC Market Insider is placed at the disposal of users for information only. It is not designed to replace the appropriate professional advice in any way. The pricing data is based on ITC sources and can change at any time. Although the International Trade Centre strives to keep the data current and accurate, errors can occur. ITC does not bear any liability for any inaccuracy, error, discrepancies in prices or related information. Mention of company names, commercial products and brand names does not imply endorsement by the International Trade Centre. For further information, please refer to the ITC Terms and Conditions, section 2.0 Disclaimers. Contact: Market Insider International Trade Centre UNCTAD/WTO Palais des Nations, 1211 Geneva 10, Switzerland Tel: +4122 730 01 11 Fax: +4122 730 05 72 Email: [email protected] Twitter: @ITCMktInsider Web: http://www.intracen.org/itc/market-insider/ Market Insider for Medicinal Plants is prepared by: Josef A. Brinckmann ITC Consultant [email protected] Cover Picture: Patch of medicinal rhubarb (Rheum palmatum L.; Fam. Polygonaceae), Pingwu County, Sichuan Province, People’s Republic of China. Photo by Josef A. Brinckmann, 2015. 1 Contents About the Market Insider for Medicinal Plants & Natural Ingredients ..............................................3 Some Useful Terminology ....................................................................................................................3 1. Industry News and Trends ...........................................................................................................5 1.1. Global supply chain issues, trends and competitive landscape on the 2015 Botanical Congress agenda ................................................................................................................................5 1.2. US FDA’s new draft guidance on botanical drugs refers to WHO and EMA GACPs for medicinal plants ...................................................................................................................................5 1.3. European Medicines Agency posting easier-to-understand information on herbal medicines7 1.4. BI Nutraceuticals expands operations to Nevada ...................................................................8 2. Markets for African Medicinal Plants and Extracts ...................................................................8 2.1. Can Nigeria transition from a petroleum-based economy to an herbal-based economy? ......8 2.2. 10 most traded medicinal plants in markets of Madagascar ................................................ 10 3. Markets for Asian Medicinal Plants and Extracts ................................................................... 11 3.1. New documentary on sustainable medicinal plant harvesting and trade in Mid-western Nepal 11 3.2. Support for Nepalese companies trading in 30 prioritized MAP species to exhibit at trade shows in Germany ............................................................................................................................ 11 3.3. Rising import costs of Chinese herbs prompts Japanese pharmaceutical company to grow medicinal plants domestically ........................................................................................................... 13 3.4. Vietnamese star anise growers’ organisation getting support through the Forest and Farm Facility 13 3.5. Traders of medicinal plants illegally harvested in Bhutanese nature reserve busted .......... 14 4. Currency Rates of Exchange .................................................................................................... 16 5. Indicative Prices for Selected Medicinal Botanical Ingredients ........................................... 16 6. Selected Events ......................................................................................................................... 24 7. Herb Profile: Rhubarb root and rhizome ................................................................................. 32 8. Company Profile: EcoSo Dynamics cc .................................................................................... 35 9. Medicinal Plants & Natural Ingredients Sector Organizations .............................................. 36 2 About the Market Insider for Medicinal Plants & Natural Ingredients The Market Insider for medicinal plants & natural ingredients provides market intelligence on the production and international trade of selected botanical raw materials and value-added forms such as extracts and oils. Market insights are presented for key developments on medicinal plants and botanical nutritional ingredients including analysis of international trade data, market trends, indicative market prices for selected botanical ingredients, trade specifications, market size and growth, target markets, business opportunities, legislation affecting the sector, technology, trade events, producer and product profiles. New sources of information, news that subscribers and readers might have on their specific products or areas are welcome. See more at: http://www.intracen.org/itc/market- insider/medicinal-plants/ Some Useful Terminology AYUSH: Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy CBD: Convention on Biodiversity CCC: Standard Classification of Commodities of Taiwan CCCCS: Commodity Classification for China Customs Statistics cfu/g: Colony-forming units per gram C&F: Cost & Freight; means the price includes cost and freight charges CFR: Seller has the same responsibilities as when shipping FOB, but shipping costs are prepaid by the seller CIF: Cost Insurance Freight; means the price includes cost, freight and insurance CITES: Convention on International Trade in Endangered Species of Wild Flora & Fauna CL: Container load C/S: Cut and sifted COMTRADE: Commodity Trade Statistics Database EDQM: European Directorate for the Quality of Medicines EMA: European Medicines Agency Essential Oils: Odorous product, usually of complex composition, obtained from a botanically defined plant raw material by steam distillation, dry distillation, or a suitable mechanical process without heating Extracts: Preparations of liquid (liquid extracts and tinctures), semi-solid (soft extracts and oleoresins) or solid (dry extracts) consistency obtained from Herbal Drugs or animal matter prepared by suitable methods using ethanol or other suitable solvents EXW: Ex works - Buyer arranges for pick-up of goods at the seller's location. Seller is responsible for packing, labelling, and preparing goods for shipment on a specified date or time frame Farm Gate Price: Refers to the dollar value of agricultural products that you receive from direct farm sales or the value of primary products used for processing FAS: Free alongside ship - Buyer arranges for ocean transport. Seller is responsible for packing, labelling, preparing goods for shipment and delivering the goods to the dock FAS Value: Value of exports at the seaport, airport, or border port of exportation, based on the transaction price including inland freight, insurance, and other charges incurred in placing the merchandise alongside the carrier at the port of export 3 FCA: Free carrier: seller is responsible for costs until the buyer's named freight carrier takes charge FCL: Full container load FLO: Fairtrade International FOB: Free On Board - means that the price only includes the cost of the item. Seller arranges for transport of the goods, preparing goods for shipment, and loading the goods onto the vessel FOR & FOT: Free On Rail or Free on Truck; both refer to goods being carried by rail and should only be used when the goods are carried by rail. The risk of loss or damage is transferred when the goods are loaded onto the rail FTA: Free Trade Agreement GACP: Good Agricultural and Collection Practice GMP: Good Manufacturing Practice ha: Hectare Herbal Drug Preparations: Obtained by subjecting Herbal Drugs to treatments such as: extraction, distillation, expression, fractionation, purification, concentration or fermentation. These include comminuted or powdered herbal drugs, tinctures, extracts, essential oils, expressed juices and processed exudates Herbal Drugs: Whole, fragmented, or cut plants, parts of plants, algae, fungi or lichen, in an unprocessed state, usually in dried form but sometimes fresh. Certain exudates that have not been subjected to a specific treatment are also considered to be herbal drugs Herbal Teas: Consist exclusive of one or more Herbal Drugs intended for oral aqueous preparations by means of decoction, infusion or maceration; usually supplied in bulk form or in sachets HPLC: High Performance Liquid Chromatography HPTLC: High Performance Thin Layer Chromatography HS Code: Harmonized System Tariff Code ITC (HS) Indian Trade Classification Harmonized System ITC International Trade Centre / UNCTAD / WTO MAP: Medicinal and Aromatic Plants NLT: Not less than NESOI: Not Elsewhere Specified or Included NMT: Not more than NOP: National Organic Program (USDA) NTFP: Non Timber Forest Products OTC: Over the Counter medicines: Medicines sold without a prescription PE: Powdered Extract PhEur: European Pharmacopoeia PPRC: Pharmacopoeia of the People’s Republic of China SE: Soft Extract TBC: Tea bag cut TCM: Traditional Chinese Medicine THMP: Traditional Herbal Medicinal Product TLC: Thin Layer Chromatography UPI: Unani Pharmacopoeia of India USD: United States Dollar USP: United
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