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Chinese medicines mushroom due to disasters, speculation
The fungus wholesales at $HK5000 for 37 grams - almost $18,000 a kilogram - too expensive for Hoc Ku Huynh to stock in his Haymarket practice any more. Even the lower-grade processed tablet form of the mushroom has risen, costing about $100 for a 20-day supply.
At the more exotic end of the market, caterpillar fungus is not the only medicinal herb worth almost its weight in gold due to a host of economic, geographical and health shifts on the Chinese mainland in the past 12 months.
Professor Huynh says the price of tai zi shen (pseudostellaria root), used to treat low fever and fatigue has risen between 200 and 300 per cent in the past 12 months, to about $150 a kilogram. Chinese angelica, used for gynaecological complaints, has also risen by 200 per cent.
Gary Wu, the manager of the herbal wholesaler Winner Trading, in Melbourne, said the price of Chinese medicinal herbs had been undervalued over a long period. But a combination of natural disasters such as an eight-month drought followed by flooding and earthquakes, a rise in Chinese labour costs and a clampdown by the Chinese government on property speculation, prompting investors to sink their money into more exotic projects, had conspired to force up prices dramatically in Australia, notwithstanding the strong local dollar.
Melbourne Anti-Intervention Collective: This Friday! Chris Graham ...
The Lateline story helped the federal government mount the case for the NT intervention. But as Graham will reveal, the story was built on a gigantic fraud. The scandal surrounding this story has already destroyed several careers, sparked a series of parliamentary brawls and high level government, an apology to federal parliament, not to mention police raids on homes in Canberra and Central Australia. "The Northern Territory intervention has harmed Aboriginal people; it's caused starvation; it's seen a dramatic rise in reports of self-harm incidents; it's driven children away from school; it's wasted hundreds of millions of taxpayer dollars. In short, it's been a disaster for the nation's most disadvantaged citizens, the people who could least afford it.
The JoHos meet Mr Howard at the Tan
Strait met their hero in Melbourne today. Worried about him losing his very hard election, they presented him with a bottle of electoral viagra ...
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