China's Chenpi Craze: Dried Orange Peels Become Million-Dollar Investment

• Dried orange peels, known as Chenpi, are a highly profitable commodity in China, particularly in Xinhui, Guangdong.
• Aged Chenpi is extremely valuable, with 10-year-old peels selling for ₹12,000/kg and 50-60-year-old ones fetching millions.
• Chenpi is widely used in Traditional Chinese Medicine for various ailments and as an ingredient in cooking.
• The demand for Chenpi is so high that it frequently sells out, driven by its medicinal value and investment potential.
• Prices have surged, with some varieties increasing sixfold in the last five years, making it a lucrative investment.

Why It Matters: Aged Chenpi, dried orange peels, are a lucrative investment and traditional medicine.