TOPIC: Ginseng Rumors???

Ok yall it's going around here that the seng is going to start high this year. Which would be good but, the other part of the story is that we will not be able to move seng nxt year!

Anyone?

Rickyc,

Supply was down last year because of the drought. However, typically in years where prices start strong, they soften when the demand is then filled. Another common occurrence is that the next year's prices are typically off a little after a strong year.

have seen that happen and dont go by Fur Fish and Game prices they are not up to date they buy ginseng and put big prices up when off season to get you out digging!just saying

You might be correct that the prices published in any magazine is out of date. After all, prices can change on a daily bases when the market is moving. Its best to call your buyer and keep in touch with him or her.

So no one has heard anything about problems exporting next year?

IMHO, with the new Ginseng seasons and harvesting limitations coming down from the U.S. Forestry Divisions, supply should again be down this year and only get worse. Therefore, Ginseng will probably start high and continue to climb as the supply doesn't meet the demand. However, if the Dealers held over a lot of Ginseng from last year, the prices may drop some after a month but will probably come back up once the effects of the NF harvests begin to show on the market.


Frank

I feel relatively safe in saying there is no holdover. However, as I cautioned before, once the necessary supply is reached, individual buyers/brokers may clamp down hard on the cash flow to average out their overall costs.

It is too early to tell, and no way to know for sure.

BCastle wrote:

I feel relatively safe in saying there is no holdover. However, as I cautioned before, once the necessary supply is reached, individual buyers/brokers may clamp down hard on the cash flow to average out their overall costs.

It is too early to tell, and no way to know for sure.

It that happens to be the case and considering the new restrictions and rules for harvesting in the National Forests, then I will just clamp down hard on my' hard dug Ginseng and not turn it loose until the buyers/brokers turn loose of more of that cash!
If I am even able to get a permit in the National Forest and in the area where I scouted for Ginseng earlier this year, I will have to get in, dig my' allotted 25 roots and get out all in one day, otherwise I will go broke. It is a little over a 112 mile round trip to this location and back from my' home.


Frank

Frank, that is the same tired old misnomer we hear and see all the time. It is not the buyers in the country who set the prices. We can't pay more for something than we will get for it and stay in business.

BCastle wrote:

Frank, that is the same tired old misnomer we hear and see all the time. It is not the buyers in the country who set the prices. We can't pay more for something than we will get for it and stay in business.

I did not really mean it that way! What I should have wrote was \"if the Brokers lower the prices they pay the Dealers for Ginseng, then I will hold onto my' Ginseng until the Brokers start paying more and the Dealers can pay more to us Diggers\". I do understand the way it works!


Frank