Fungus is peak prize for alpine herders

Based on the market average price of 140,000 yuan ($19,423) per kilogram, the annual average output value of Nagchu's caterpillar fungus was estimated at 4.19 billion yuan. This income accounts for up to 80 percent of the total income of farmers and herders in the production areas, providing a substantial boost to local incomes and contributing significantly to regional economic development and social stability.

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