Fears became reality
Good crop prospects in India had caused the prices of psyllium husk powder to drop briefly in spring 2023 with the availability of the new crop. However, this trend was short-lived. As Neupert Ingredients reported, the product was of high quality, but more and more reports poured in that there could be crop losses of 8-10% due to rainfall and sandstorms.
In the meantime, market players' fears that speculators might try to seize the market have been confirmed. Recently, the prices for psyllium husks had therefore risen again - demand is stable, which speculators are using to adjust prices in their favour. The experts of Neupert Ingredients hardly expect an improvement in prices until the new crop will be available. About 60% of the stocks in the Indian market have already been sold and the beginning of the monsoon season, which brought great chaos and floods in many regions, further aggravates the situation in the market. The monsoon season in India continues until mid-September.