The demand for psyllium remains at a high level.
The market and price development in figures:
The harvest was very poor and reached 2.05 million bags of 75 kg each. Prices were at a historic high of 2200 INR per 20 kg. A cautious purchasing strategy (no demand for large quantities) at least kept the prices stable.
Inquiries about large quantities immediately lead to higher sales prices in India.
Due to the high prices of the previous year, the incentive for farmers to grow more psyllium was high. As a result, psyllium producers were finally able to record a very good harvest of 2.7 million bags of 75 kg each after 3 bad years. The offer exceeded the demand and as a result the prices decreased to 1350 - 1400 INR per 20 kg.
After three short harvests (2015, 2016, 2017), there was a very good harvest in 2018 and the price fell to a historic low.
It is estimated that there will be a backlog of 550,000 to 600,000 bags of 75 kg each this year. This amount will be the largest in the last 20 years.
As a consequence of low production costs, farmers have grown less psyllium. Currently about 2 to 2.1 million bags of 75 kg each are expected. This means that a total of 2.7 million bags of 75 kg each can be expected this year, including the backlog from the last harvest.
The first smaller harvests are now coming into the market. The entire harvest will be completed by the end of April. Based on the quantities actually available, the price will level off.