SIP Bid / Ask, USD

Ashwagandha

ASHWAGANDHAMedicinal & Botanical Herbs4 listed markets

Ashwagandha is the root of Withania somnifera, a short woody shrub of the nightshade family grown as an annual crop across the drier parts of India and cultivated commercially elsewhere. The dried root is a foundational material in Ayurvedic practice and is now one of the largest single botanicals in the global dietary supplement trade, sold as cut and sifted root, as milled powder and, in the largest volumes by value, as standardised extract sold on its withanolide content. Buyers use it in capsules, tablets, powders, functional beverages and traditional formulations. A separate and smaller trade exists in the leaf, which carries a different withanolide profile and is regulated differently in several destination markets.

Start the deal with SIP Global

Choose the deal you want. A SIP trader picks it up directly, no signup required.

Nothing here matches what you are holding? Send it anyway. The sheets cover the markets we publish, not the limit of what we will look at.

Listed ashwagandha markets

Each line is a grade at a delivery point. Open one for its full specification and terms.

Price guarantee on ashwagandha

If a move in the ashwagandha price would hurt you, fix the price now. We agree it today for the months you name, and it holds whatever the market does in between.

BuyingYou use or resell ashwagandha and need to know your cost. We fix your purchase price for the quantity and months you name.
SellingYou grow, produce or hold ashwagandha and need to know your revenue. We fix your sale price ahead of production or shipment.
SettlementAgainst delivery of the ashwagandha.

A price is fixed only once a trader confirms it in writing. Request a fixed price.

Caps and floors on ashwagandha

A fixed price binds buyer and seller. A cap or a floor is a guaranteed price on one side only. You pay a fee up front for it, and it is a right, not an obligation: you use it only if the market moves against you.

CapFor buyers. A guaranteed maximum price for ashwagandha. If the market is above the cap when you buy, you pay the cap. If it is below, you buy at the market price and let the cap lapse.
FloorFor sellers. A guaranteed minimum price for ashwagandha. If the market is below the floor when you sell, you receive the floor. If it is above, you sell at the market price and let the floor lapse.
FeeAgreed and paid up front. It is the whole cost of the cap or floor, and it is not refunded if the cap or floor goes unused.

A cap or a floor is in place only once a trader confirms it in writing. Request a cap or a floor.

Grades

Ashwagandha is contracted on the plant part, the extraction route and the withanolide assay together. Root only material, the solvent used and the analytical method behind the withanolide number are the three terms that decide the price, and a contract that omits any of them is not a specification.

Botanical identity as the contracted article

5 grades

Verified against the pharmacopoeia monograph for the named species, by macroscopic and microscopic examination, thin layer chromatography and, where the contract calls for it, DNA barcodingWhich plant, which part of it, and how that is proven on the lot. Adulteration and species substitution are the defining risk in botanical trade, so identity is the first term on the contract and not an assumption.

GradeDefinition
Withania somnifera (L.) DunalThe commercial articleThe binomial is the contract. The common name alone covers material that would not pass a monograph test.
Plant partDeclaredRoot only, root and leaf, or leaf only. Root only commands the premium and several destination markets restrict leaf material.
Root only verificationCertificate of analysis, with the methodHigh performance liquid chromatography and, where contracted, DNA barcoding to confirm that leaf and stem have not been blended into a root article.
Cultivar or chemotypeDeclared where the buyer contracts on itSelected lines are grown for withanolide yield and they are named on the contract.
Wild or cultivatedDeclaredCommercial supply is cultivated. Wild collected material is a separate article and is documented as such.

Physical form and processing route

8 grades

Declared on the contract and verified on the package against a retained reference sampleHow the material was dried, cut and presented. Form drives extraction yield, dosing and shelf life, and it is priced separately from identity.

GradeDefinition
Whole dried rootDeclaredCleaned, dried root pieces, the traditional article.
Cut and sifted rootDeclared, with the cut sizeRoot cut to a stated screen size for tea and for extraction feedstock.
Root powderDeclared, with the meshMilled root, commonly contracted at a stated sieve specification.
Water extractDeclared, with the ratio and the solventExtract produced with water only, the route most traditional and organic buyers require.
Hydroalcoholic extractDeclared, with the solvent, the ratio and the residual solvent limitExtraction with ethanol and water in a stated proportion. It pulls a different withanolide profile than water alone.
Extraction ratioDeclared, as native drug to extractStated as a ratio such as raw material to finished extract. It sits alongside the assay and neither replaces the other.
Carrier or excipientDeclared, with the percentageMaltodextrin, gum arabic or root powder used to standardise the extract, named and quantified.
Particle size and bulk densityMesh or micrometres, and grams per millilitreContracted for tabletting and capsule filling behaviour.

Withanolide assay

7 grades

Determined by high performance liquid chromatography against a named reference standard, with the method and the marker set written into the contractThe value marker. Two lots quoting the same percentage can be materially different articles if they were measured by different methods, so the method is part of the specification.

GradeDefinition
Total withanolidesPercentage by mass, minimumThe headline assay. The contract states the analytical method, because gravimetric and chromatographic results are not interchangeable.
Withanolide glycosidesPercentage by mass, minimumContracted separately by buyers who specify the glycoside fraction rather than the aglycones.
Withaferin APercentage by massReported and, in several destination markets, capped rather than maximised. It is contracted as a ceiling as often as a floor.
Withanolide APercentage by massA named marker reported on the certificate of analysis.
Analytical methodDeclaredHigh performance liquid chromatography with ultraviolet detection, or mass spectrometric detection, named explicitly with the reference standard used.
Chromatographic fingerprintReference chromatogramRetained with the lot and compared against a reference, which is how leaf blending and spiking are caught.
Alkaloid contentPercentage by massReported where the buyer contracts on it, chiefly for traditional preparations.

Purity and contaminants

9 grades

Determined by an accredited laboratory on a drawn sample, against the destination pharmacopoeia or food specification and Codex CXS 193What is in the lot other than the botanical. For a field grown or wild collected plant this is the substance of the specification.

GradeDefinition
Loss on drying, or moisturePercentage by mass, maximumDetermined by oven drying or by the entrainment method. It governs mould risk in the bag and it is weight the buyer is not paying botanical prices for.
Foreign organic matterPercentage by mass, maximumSoil, stones, stems where stems are not the article, other plant species and any material other than the named part, separated by hand and weighed.
Total ashPercentage by mass, maximumMineral residue after incineration.
Acid-insoluble ashPercentage by mass, maximumThe sand and silica fraction, and the classical measure of how carefully the material was lifted and washed.
Heavy metalsMilligrams per kilogram, maximumLead, cadmium, mercury and arsenic by inductively coupled plasma mass spectrometry, against CXS 193 and the destination limits.
Pesticide residuesMilligrams per kilogram, maximumMulti-residue screen against the destination market limits. Contracted on every lot destined for the European Union, Japan or a certified organic buyer.
MycotoxinsMicrograms per kilogram, maximumAflatoxins B1, B2, G1 and G2, total aflatoxins and ochratoxin A. Field dried botanicals carry the risk and the destination sets the ceiling.
Microbiological limitsColony forming units per gram, maximum, with the pathogen absence criteriaTotal aerobic count, yeasts and moulds, bile-tolerant Gram-negative bacteria, Escherichia coli and Salmonella.
Irradiation and sterilisationDeclaredSteam sterilised, ethylene oxide treated, irradiated or untreated. Declared on the contract, because destination markets differ on what they permit.

Origin, legality and delivery

8 grades

Contract terms settled on the document and on the package rather than in the laboratoryTerms that travel with the lot.

GradeDefinition
Wild collected or cultivatedDeclaredIt drives availability, the legality file and, in several of these articles, the marker chemistry.
Legality and collection permitDeclared, with the permit referenceExport permit, forest or land access agreement, or community collection agreement, travelling with the lot.
CertificationCertificate, with the scheme and the certificate numberOrganic, FairWild, Fair for Life, Rainforest Alliance or a private buyer standard, named on the contract when it is contracted.
Crop year and harvest dateDeclaredMarker compounds decline with age. The crop year is a price term, not a formality.
PackingDeclaredPaper sacks, polypropylene bags, cartons, fibre drums or bulk bags, with the liner and the pallet configuration specified.
Sampling planDeclaredHow many packages are sampled, by whom, and against which retained reference sample. Field dried botanicals are heterogeneous between bags.
Extraction facilityDeclared, with the audit standardGood manufacturing practice certification for the extraction plant, named on the contract where the material is going into a supplement.
Residual solventsParts per million, maximumEthanol, methanol and any process solvent, against the pharmacopoeia general chapter.

Grades outside this list trade on request. Send us the contract specification you work to and we will price against it.

Locations

CountryRegionWe trade it as
IndiaMadhya Pradesh, Rajasthan, Gujarat, Maharashtra and HaryanaOrigin and destination
NepalThe TeraiOrigin
PakistanSindh and PunjabOrigin
Sri LankaThe dry zoneOrigin
ChinaYunnan and GuangxiOrigin and destination
South AfricaLimpopo and KwaZulu-NatalOrigin and destination
United StatesNew Jersey, Utah and the supplement manufacturing clusterDestination
CanadaOntario and British ColumbiaDestination
GermanyHamburg and the Rhine-Ruhr extract clusterDestination
NetherlandsRotterdam and the ingredient clusterDestination
United KingdomFelixstowe and the supplement clusterDestination
FranceLe Havre and LyonDestination
ItalyMilan and the nutraceutical clusterDestination
SpainBarcelona and ValenciaDestination
PolandGdansk and the contract manufacturing clusterDestination
SwitzerlandBasel and the ingredient clusterDestination
JapanTokyo and OsakaDestination
South KoreaSeoul and IncheonDestination
AustraliaSydney and MelbourneDestination
BrazilSao PauloDestination
MexicoMexico City and GuadalajaraDestination
United Arab EmiratesDubai and Jebel AliDestination
TurkeyIstanbulDestination
VietnamHo Chi Minh CityDestination
IndonesiaJakarta and SurabayaDestination

Origins and destinations outside this list trade on request. We are not limited to the locations shown here.

Timing

Harvest is when the plant material is lifted or cut at origin. Arrival is when a shipment from that origin typically lands in a consuming market. The gap between them is drying, cleaning, milling or extraction, laboratory clearance and the voyage.

HarvestArrival

OriginJFMAMJJASONDWindow
IndiaHarvest and arrivalHarvest and arrivalHarvest and arrivalArrivalArrivalHarvestHarvest and arrivalHarvest Nov to Mar, arrival Dec to MayThe root is lifted in the cool dry months after the plant has completed its cycle, chiefly from Madhya Pradesh and Rajasthan. Drying, grading and extraction follow, so extract shipments run later than raw root.
NepalHarvest and arrivalHarvest and arrivalArrivalArrivalHarvestHarvestHarvest Nov to Feb, arrival Jan to AprLifting follows the Indian pattern, with material moving largely through Indian processors.
PakistanHarvest and arrivalHarvest and arrivalArrivalArrivalHarvestHarvestHarvest Nov to Feb, arrival Jan to AprCool season lifting in Sindh and Punjab.
ChinaArrivalArrivalArrivalHarvestHarvestHarvest and arrivalHarvest Oct to Dec, arrival Dec to MarAutumn lifting in the southern provinces, mostly for domestic processing.
South AfricaHarvestHarvestHarvest and arrivalHarvest and arrivalArrivalArrivalHarvest May to Aug, arrival Jul to OctSouthern hemisphere lifting in the dry winter months, which puts the crop opposite the Indian cycle.

Windows outside this pattern trade on request, including carry, forward positions and stock already sitting in a destination warehouse.

Customs, packing and contract terms

Indicative terms for ashwagandha. Tariff classification is the importer’s responsibility and limits change, so confirm both against the destination customs authority and the current regulation before you fix a contract.

  • HS heading1211.90 Plants and parts of plants used primarily in pharmacy, including ashwagandha root
  • PackingMultiwall paper sacks or PP bags of 20 kg to 25 kg with food grade liner, or fibre drums for powders and extracts. Sieve size, ash and foreign organic matter stated at load.
  • Container loading20ft: 8 t to 14 t. Volume limited for whole leaf and root, weight limited for powders and extracts.
  • Contract and arbitrationSale on specification with a certificate of analysis, botanical identity confirmed by macroscopic or HPTLC identification. European Herbal Infusions Association quality guidance and the terms of the importing association. Arbitration under ICC rules or at the contract seat.
  • Destination limitsEU novel food authorisation under Regulation 2015/2283 for species without a history of consumption before May 1997, the Article 8 list under Regulation 1925/2006, pesticide MRLs under Regulation 396/2005, pyrrolizidine alkaloid limits on herbal infusions and aflatoxin and ochratoxin limits under Regulation 2023/915, and CITES for listed species. US: FDA dietary supplement rules with new dietary ingredient notification.

Common questions

What grades of ashwagandha does SIP Global trade?

We quote 37 published grades of ashwagandha, including Withania somnifera (L.) Dunal - The commercial article, Plant part - Declared, Root only verification - Certificate of analysis, with the method, Cultivar or chemotype - Declared where the buyer contracts on it, Wild or cultivated - Declared and Whole dried root - Declared. Every grade is tied to a delivery point and a settlement route. Grades outside the published list are priced on request.

How is ashwagandha graded?

Ashwagandha is contracted on the plant part, the extraction route and the withanolide assay together. Root only material, the solvent used and the analytical method behind the withanolide number are the three terms that decide the price, and a contract that omits any of them is not a specification. Grading runs on 5 systems: Botanical identity as the contracted article, Physical form and processing route, Withanolide assay, Purity and contaminants and Origin, legality and delivery.

Where does SIP Global trade ashwagandha?

We trade ashwagandha in India, Nepal, Pakistan, Sri Lanka, China, South Africa, United States and Canada and 17 further markets. Origins and destinations outside this list trade on request. We are not limited to the locations shown.

When is ashwagandha harvested and when does it arrive?

Typical windows are India: harvest nov to mar, arrival dec to may; Nepal: harvest nov to feb, arrival jan to apr; Pakistan: harvest nov to feb, arrival jan to apr; China: harvest oct to dec, arrival dec to mar; South Africa: harvest may to aug, arrival jul to oct. Harvest is when the lot is taken at origin, arrival is when a shipment from that origin lands in a consuming market. Windows outside this pattern, including carry, trade on request.

What is the HS code for ashwagandha?

Ashwagandha is normally classified under HS 1211.90 (plants and parts of plants used primarily in pharmacy, including ashwagandha root). The heading follows the form the goods are in at the border, and national tariffs extend it beyond six digits, so confirm the full line with the destination customs authority before you fix a contract.

Can I fix a ashwagandha price ahead?

Yes. SIP Global fixes a ashwagandha price ahead for buyers and for sellers, as a price guarantee. Send the grade, the quantity and the months you need covered. We settle against delivery, and a price is fixed only once a trader confirms it in writing.

How do I get a price for ashwagandha?

Send the grade, the origin and the delivery window to SIP Global. That is enough for a trader to come back with a level and a settlement route. 4 listed ashwagandha markets are published on this page, each with its full specification and terms. We buy and sell the physical cargo, prompt to long dated.

Standards and data sources

The grading language on this sheet follows published standards. Trade volumes and tariff lines are public record. Verify anything here against the source.