High stakes in the highlands
Unlike in previous years, the auction for the highly sought after fungus known as cordyceps sinensis, or Yartsa Guenboob – known to have medical and aphrodisiac properties – held in Dzongkha, Bhutan's western district of Gasa, was not a cause for joy. Overall collection in 2015 declined sharply to a total of 231 kilograms, and returns were significantly lower than in earlier auctions, where prices went as high as BTN 1.3 million (USD 19188) per kg. Fewer collectors participated, and many went home disappointed.
Official records indicate that 671 kg cordyceps, worth about BTN 469 million (USD 6.92 million), was auctioned in 2014, making it the highest quantity auctioned since cordyceps collection was legalised by Royal Decree in 2004. As the cordyceps fungus has been in major demand in the international market, the price routinely increases every year. However, in 2015, a significant downturn in terms of both growth and quality of cordyceps was witnessed, according to Gyeltshen, a forestry official monitoring the auction in Gasa.