Tangerine peel is often one of those things that are forgotten and thrown away, but to the Chinese, it is seen as a treasure.
One of the most sought-after tangerine peels in the market for their value in food and nutrition applications is Xinhui tangerine peel. This local specialty is named the first of Guangdong’s “three treasures” and one of the top 10 precious medicinal herbs.
Xinhui’s tangerine peels are used not only for commercial transactions but also as collateral for loans. At the transaction center, the latest transaction price of tangerine peel will be stored and displayed on the big screen in real-time. The older the tangerine peel is, the higher the transaction value.
It is a precious thing that the Chinese liken to gold, and there is even a quote, “one ounce of tangerine peel is one ounce of gold. Hundred-year-old tangerine peel is more precious than gold.”
According to Xinhua, Tangerine peel on the market today ranges from low to high, depending on its age, of which 10-year-old dried tangerine peel costs about $780/lb (12,000 yuan/kg). On the other hand, rare and precious dried tangerine peels aged 21 years cost almost $1015/oz (250 yuan/gram).
Besides, on the market today, many other products are made from Xinhui tangerine peel, such as tangerine peel candy, tangerine peel ice cream, and tangerine peel roasted peanuts, which give diners a feeling of uniqueness. In big cities, tangerine peels also make inroads into the beverage market. In addition, cold-mixed tangerine peel is one of the new and trendy products attracting young Chinese attention.
For Xinhui, Jiangmen city, Guangdong province, a small dried tangerine peel has prospered as an entire industry, creating jobs for 55,000 people. However, it is also facing many challenges as the Chinese Communist Party tightens its “zero-COVID” policy to prevent the pandemic from spreading.