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Opened May 22, 2025 by Rocky Downer@rockydowner81
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Ginseng Piles up in Canada Throughout Pandemic Despite Chinese Demand

yagara-stock.com
By Rod Nickel and Farah Master
onlinegenericsforyou.com
WINNIPEG, Manitoba/HONG KONG, Sept 30 (Reuters) - The pandemic's squashing impact on international travel has actually grounded Canadian exports of ginseng, a root extensively utilized in Asia to treat whatever from the acute rhinitis to Impotency Cure, at a time when health is leading of customers' minds.

Canada is the world's second-largest ginseng exporter after China, with the majority of its exports shipped to Hong Kong on their way to mainland China, Singapore and Taiwan.

The pandemic has actually devastated the specific niche trade, nevertheless, in another example of the virus's disruption to the international food and agriculture supply chain. Outbreaks have actually also stopped fruit shipments, closed down meat plants and sickened migrant farm employees.

Farmers in the United States, the fourth-largest exporter, are suffering too.

A ginseng crop can use up to 5 years to grow. But even as he begins this year's harvest, Remi Van De Slyke in Norfolk County, Ontario, has a barn loaded with in 2015's ginseng.

The issue is that travel restrictions have stopped Chinese buyers from visiting to examine the crop, which has depressed sales.

Canada's diplomatic stress with Beijing have not helped, stated Van De Slyke, chairman of Ontario Ginseng Growers Association.

"Everyone is locked down which's causing us a big problem," he stated. "We're hit in all directions here."

Across Canada, as much as 1.8 million pounds, or 20% of in 2015's crop, stays unsold, said Rebecca Coates, executive director of the Ontario growers association.

Canada delivered 354,305 kg worth C$ 11 million ($8.22 million)to Hong Kong from May through July this year as coronavirus infections peaked in Canada, one-third of the value from the very same duration a year previously.

Lately, some purchasers have been "circling like sharks" to see if they can purchase for less than the production cost, Coates stated.

HEALTH AWARENESS RISING

Demand in China looks strong.

A Chinese medicine trader who is a veteran Canadian ginseng importer based in Xiamen city, Fujian province, says health is an even greater issue after the pandemic.

"After COVID-19, individuals's awareness for health care might increase more than previously (and) we may increase our imports also," the trader said.

Sales of Chinese-grown ginseng have spiked just recently as an alternative for costlier imports, said a sales representative at a Chinese medication shop in Baotou, Inner Mongolia.

Wholesale importers have been understood to buy as much as 100,000 pounds of ginseng separately at Ontario-based Great Mountain Ginseng, which was forced to shut its retail stores, including one at Niagara Falls, throughout spring lockdowns.

The stores have actually reopened, but the purchasers and travelers have not come back, stated basic supervisor Schelling Yeh.

"We have actually been struck hard," Yeh stated. "If you're not able to see the item are you prepared to purchase it?"

Canada's agriculture ministry is attempting to assist the ginseng sector diversify to other markets, representative James Watson stated.

Across the border, many U.S. ginseng is grown in Wisconsin. President Donald Trump, who is running Cure for Erectile Dysfunction re-election on Nov. 3, kept in mind farmers' pain as he announced a new round of pandemic help in the battleground state.

But Trump's conflicts with Chinese leadership over trade problems have done more to .S. sales to China than the coronavirus crisis, said Wisconsin farmer Mike Burmeister.

"Chinese trade is so crucial to my industry. The world truly is a little place when it pertains to ginseng." ($1 = 1.3389 Canadian dollars) (Reporting by Rod Nickel in Winnipeg, Manitoba and Farah Master in Hong Kong; extra reporting by Shivani Singh in Beijing and Beijing newsroom; Editing by Sonya Hepinstall)
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Reference: rockydowner81/neededpillsstore#5