Psyllium: encouraging outlook for 2024 crop

March 27, 2024 at 2:59 PM , Der AUDITOR
Play report as audio

NEW DELHI/GARSTEDT. Production prospects are much better for psyllium in India than last year, despite the heavy rains witnessed at the start of March. Price fluctuations will also be less of an issue.

Limited damage

As Neupert Ingredients report the situation in India is totally different to last year. Heavy springtime rains and sandstorms reduced yields by 8-10% in 2023, but the rain witnessed in March has not impacted the crop this year. The extent of the damage is limited.

Arrivals will peak over the next two to three weeks, which should prompt the market to turn. Prices have risen in the last few weeks and should start to decline as soon as arrivals pick up. This may in turn, however, also boost demand and cause a new uprise.

Carry-over stocks anticipated

While speculators were able to drive the market last year as supplies were limited, carry-over stocks are to be expected this time round as production has risen. This will help the market to turn more rangebound and limit volatility. Yet, it should be noted that demand is on the rise in China, Russia and the Middle East, which will provide some support.


View more
price charts for oilseeds, grains, spices and more

View related articles

Go to the News Overview
Apr 18, 2024
NEW DELHI. After the last tender from South Korea turned out to be a great disappointment for sesame seeds, things are looking much better in India in April. Question is in how far this will impact prices.
Apr 15, 2024
DALIAN. Sowing is underway for pumpking seeds in China and will take about a month. Prices are on the decline.
Apr 15, 2024
NEW DELHI/BUENOS AIRES. Traders and stockists are forced to sell peanuts at a loss in India. Issue is that rising temperatures may cause diseases to spread. Harvesting is in full swing in Argentina.
Apr 11, 2024
OTTAWA/BRUSSELS. With the prospect of higher import tariffs for Russian flaxseed, European traders are worried about their business and fear massive price increases. Other growing countries such as India and Canada are coming into focus, but are not really an alternative for buyers at the moment.