SIP Markets Medicinal & Botanical Herbs Contact desk

Ginseng

GINSENGMedicinal & Botanical Herbs3 listed markets

Ginseng is the root of slow growing perennials of the genus Panax, principally Asian ginseng, Panax ginseng, cultivated in Korea and northeastern China, and American ginseng, Panax quinquefolius, cultivated in Ontario and Wisconsin and also collected from the wild in the Appalachians. The root takes four to six years in the ground before it is lifted, which is why the crop trades on age as well as on weight. It is sold as whole dried root for traditional preparation and gifting, as sliced and powdered root, and as standardised extract for capsules, tonics, beverages and functional foods. Steaming turns white ginseng into red ginseng, a different article with its own chemistry and its own price.

Listed ginseng markets

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

Grades

Ginseng is contracted on species, processing route, root age and ginsenoside assay together. Whole root also trades on physical form, because the shape and integrity of the root drive the gift and traditional trade independently of any laboratory number.

Botanical identity as the contracted article

6 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
Panax ginseng C.A. MeyerAsian, Korean or Chinese ginsengThe Korean and northeastern Chinese article. The binomial is the contract.
Panax quinquefolius L.American ginsengCultivated in Ontario and Wisconsin and wild collected in the Appalachians. A distinct ginsenoside profile and a distinct market.
Panax notoginsengNotoginseng, or sanqiA separate species with a separate use, contracted apart from either of the above.
Wild, wild simulated or cultivatedDeclaredThree distinct articles. Wild and wild simulated American ginseng carries a large premium and a full permit file.
Root ageYears, declaredFour, five or six years in the ground. Six year root is the premium Korean article and age is verifiable from the rhizome neck scars.
Identity testingCertificate of analysis, with the methodHigh performance liquid chromatography against the pharmacopoeia monograph, with DNA barcoding where species substitution is a contract risk.

Physical form and processing route

9 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
White ginsengDeclaredPeeled or unpeeled root, air or sun dried without steaming.
Red ginsengDeclared, with the steaming scheduleRoot steamed and then dried. Steaming converts the ginsenoside profile and darkens the root. A different article, not a finish.
Black ginsengDeclared, with the number of cyclesRepeatedly steamed and dried, with the cycle count stated.
Fresh rootDeclared, with the temperature termUnprocessed lifted root, moved cold and on a short shelf life.
Root grade by formDeclared, against the origin grading schemeWhole main root with the lateral roots and rhizome intact ranks above split, broken or misshapen root. Graded by hand inspection against a retained reference sample.
Piece count per unit weightCount per kilogram, or per cattyHow many roots make the weight. Fewer and larger is the premium and this is the physical grading number in the trade.
Root partsDeclaredMain body, lateral roots, rootlets or rhizome. The parts are separated and priced separately.
Slices, powder or extractDeclared, with the cut or the meshProcessed presentations, with the extraction ratio and solvent stated for extract.
Moisture and hardnessPercentage by mass, and declaredThe dried root is contracted hard and dry, because soft root carries mould risk.

Ginsenoside assay

8 grades

Determined by high performance liquid chromatography against named reference standards, with the marker set and the method written into the contractThe chemical value marker. Which ginsenosides are counted is as much a contract term as the total, because processing route changes the profile rather than simply raising it.

GradeDefinition
Total ginsenosidesPercentage by mass, minimumThe headline assay, with the marker set named because different pharmacopoeias count different compounds.
Ginsenoside Rg1Percentage by massA named marker of the European Pharmacopoeia assay for Panax ginseng.
Ginsenoside Rb1Percentage by massThe second named marker of the pharmacopoeia assay, and the dominant ginsenoside in American ginseng.
Ginsenoside Rg1 to Rb1 ratioDeclaredA species discrimination marker, because the two species sit at opposite ends of it.
Ginsenoside Rg3 and Rg5Percentage by massFormed during steaming. The markers that distinguish red ginseng from white.
Ginsenoside RfDeclared, present or absentPresent in Panax ginseng and absent in Panax quinquefolius. The classical authenticity test.
Extraction ratioDeclared, as native drug to extractStated alongside the assay for extract material, because neither number alone defines the article.
Chromatographic fingerprintReference chromatogramRetained with the lot and compared against a reference.

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

9 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.
CITES documentationDeclared, with the permit numberAmerican ginseng is listed under Appendix II of the Convention on International Trade in Endangered Species, and international shipments move on a permit.
State or provincial harvest certificationDeclared, with the certificate referenceWild collected American ginseng carries harvest season and origin certification from the collecting jurisdiction.
Crop year and lifting dateDeclaredRecorded with the root age, because the two together are the article.

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
South KoreaGeumsan, Punggi, Gangwon and ChungcheongOrigin and destination
ChinaJilin, Liaoning and HeilongjiangOrigin and destination
CanadaSouthwestern Ontario and British ColumbiaOrigin and destination
United StatesWisconsin, and the Appalachian states for wild rootOrigin and destination
JapanNagano and Fukushima, and Tokyo and Osaka as destinationsOrigin and destination
North KoreaKaesongOrigin
RussiaPrimorsky KraiOrigin and destination
VietnamKon Tum, and Ho Chi Minh City as a destinationOrigin and destination
Hong KongThe Sheung Wan dried goods tradeDestination
TaiwanTaipei and KaohsiungDestination
SingaporeThe traditional medicine tradeDestination
MalaysiaKuala Lumpur and PenangDestination
ThailandBangkokDestination
IndonesiaJakartaDestination
AustraliaSydney and MelbourneDestination
United KingdomLondon and the supplement clusterDestination
GermanyHamburg and the Rhine-Ruhr extract clusterDestination
FranceParis and LyonDestination
NetherlandsRotterdam and the ingredient clusterDestination
ItalyMilan and the nutraceutical clusterDestination
SpainBarcelonaDestination
SwitzerlandBasel and the ingredient clusterDestination
United Arab EmiratesDubaiDestination
BrazilSao PauloDestination
MexicoMexico CityDestination

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
South KoreaArrivalArrivalHarvestHarvestHarvest and arrivalArrivalHarvest Sep to Nov, arrival Nov to FebRoot is lifted in the autumn after four to six years in the ground. Steaming, drying, grading and packing follow, and the heaviest domestic demand sits around the autumn and new year gift seasons.
ChinaArrivalArrivalHarvestHarvestHarvest and arrivalArrivalHarvest Sep to Nov, arrival Nov to FebAutumn lifting in the northeastern provinces on the same multi-year cycle.
CanadaArrivalHarvestHarvest and arrivalHarvest and arrivalArrivalHarvest Sep to Nov, arrival Oct to JanOntario root is lifted in the autumn after three to four years and moves largely into the Asian trade.
United StatesArrivalHarvestHarvest and arrivalHarvest and arrivalArrivalHarvest Sep to Nov, arrival Oct to JanWisconsin cultivated root is lifted in the autumn. The Appalachian wild season is set by state regulation and runs in the early autumn.
JapanArrivalHarvestHarvest and arrivalArrivalHarvest Oct to Nov, arrival Nov to JanA small autumn crop, largely consumed domestically.

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 ginseng. 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 heading1211.20 Ginseng roots
  • 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 ginseng does SIP Global trade?

We quote 41 published grades of ginseng, including Panax ginseng C.A. Meyer - Asian, Korean or Chinese ginseng, Panax quinquefolius L. - American ginseng, Panax notoginseng - Notoginseng, or sanqi, Wild, wild simulated or cultivated - Declared, Root age - Years, declared and Identity testing - Certificate of analysis, with the method. Every grade is tied to a delivery point and a settlement route. Grades outside the published list are priced on request.

How is ginseng graded?

Ginseng is contracted on species, processing route, root age and ginsenoside assay together. Whole root also trades on physical form, because the shape and integrity of the root drive the gift and traditional trade independently of any laboratory number. Grading runs on 5 systems: Botanical identity as the contracted article, Physical form and processing route, Ginsenoside assay, Purity and contaminants and Origin, legality and delivery.

Where does SIP Global trade ginseng?

We trade ginseng in South Korea, China, Canada, United States, Japan, North Korea, Russia and Vietnam and 17 further markets. Origins and destinations outside this list trade on request. We are not limited to the locations shown.

When is ginseng harvested and when does it arrive?

Typical windows are South Korea: harvest sep to nov, arrival nov to feb; China: harvest sep to nov, arrival nov to feb; Canada: harvest sep to nov, arrival oct to jan; United States: harvest sep to nov, arrival oct to jan; Japan: harvest oct to nov, arrival nov to jan. 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 ginseng?

Ginseng is normally classified under HS 1211.20 (ginseng roots). 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.

How do I get a price for ginseng?

Send the grade, the origin and the delivery window to the SIP Global desk. That is enough for a trader to come back with a level and a settlement route. 3 listed ginseng markets are published on this page, each with its full specification and terms. We take both sides, physical and financial, 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.

  • Codex AlimentariusFAO and WHO food standards
  • CITESConvention on International Trade in Endangered Species
  • UN ComtradeOfficial international trade statistics by HS code
  • ITC Trade MapBilateral trade flows and tariff data
  • FAOSTATFAO production and trade series for agricultural commodities

Price this with our desk

Grade, origin and window if you have them. If what you are carrying does not fit the sheet above, describe it in your own words and a trader will take it from there.

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

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