Psyllium Seed – 2021 Crop Report

Based on information collected in the field, we believe that this year’s Psyllium crop is around 40-50% more than that of last year. However overall Psyllium Seed availability is going to be only around 20-25% more than last year. Please read on further for details.

  • Rajasthan is the leading producer of Psyllium Seed in India and the same is considered to be of very good quality. This year the crop in Rajasthan is expected to be around 40-50% more than that of last year at around 2.17 million bags
  • Madhya Pradesh ranks second in the production of Psyllium seed and the crop from Madhya Pradesh is expected to be 150-170% more than that of last year at around 400,000 bags
  • The state of Gujarat ranks third in the overall production of Psyllium seed in India and the crop from Gujarat this year is expected to be 100% more than last year at around 200,000 bags

The carry-forward stock also plays a very important role in the market. Unfortunately the carry-forward stock this year is expected to be only around 50,000 bags – a 90% decline from last year’s carry-forward stock of 600,000 bags.

Given in the table below is a snapshot of the crop arrivals from the last few years and the estimated arrivals for 2021.

Madhya Pradesh400,000250,000200,000400,000200,000150,000400,000
*All figures – Psyllium Seed bags – 75kg each

So as can be seen, the overall Psyllium Seed availability is going to be around 20-25% more than last year.

The demand for Psyllium Husk, and allied products, has been increasing over the last few years. Overall demand for Psyllium Husk products for the coming 12 months is expected to be the equivalent of 2,400,000 bags of Psyllium Seed. But as there is now sufficient supply to meet this anticipated demand, Psyllium Seed prices have declined by around 15% from last year’s peak.

At present Psyllium Husk manufacturers and agri-commodity traders are buyers in the market and so we do not expect any further significant decline in Psyllium Seed prices from these present levels.

We are Dun & Bradstreet DUNS Registered

Premcem Gums is Dun & Bradstreet D-U-N-S Registered.

A successful credit check and subsequent registration is used to establish a worldwide recognised legitimacy, ownership, creditworthiness, overall standing against industry standards and business viability.

More information on D-U-N-S can be found on Dun & Bradstreet India.

India’s first Agri-Commodity Options launched in Guar Seed

On Sunday 14-Jan-18, the Finance Minister of India launched India’s first agri-commodity options in Guar Seed.

The options have been launched on NCDEX. Please click HERE to read the official circular and the contract specifications. In the coming weeks/months we will let you all know the impact of these options on the Guar market.

Some news links can be found below:

The Economic Times
Jaitley launches India’s first agro options contract in guar seeds, says will benefit farmers

Business Standard
The Union Finance Minister, Shri Arun Jaitley launches the countrys First Agri-commodity Options

The Indian Express
Agriculture top priority for the government: Arun Jaitley

Shale Spending Is Set To Soar

Oil prices are rising and the worst of the downturn appears to be over. After two years of spending cuts, 2017 could mark the first time in several years that spending levels across the oil and gas industry increase.

North American oil and gas companies could ratchet up spending by as much as 30 percent, according to Raymond James. That will be possible because banks are finally showing signs of loosening credit once again, after two years of slashing lending.

Click here to read the complete OILPRICE.COM article

Swati Vaidya retires after more than 31 years at Premcem!

Swati Vaidya retires after spending over 31 years at Premcem! The occasion was celebrated with a farewell lunch where everyone spoke about their favourite moments with Swatiben. She has been a very important part of the “Premcem family” and we wish her the very best for the years to come!

IEA’s Medium-Term Oil Market Report released

The International Energy Agency (IEA) released its Medium-Term Oil Market Report on 10-Feb-15.

Some highlights:

  • Non-OPEC production more responsive to price swings and sets the stage for a relatively swift recovery
  • US shale industry may be “stronger” in 2020
  • Light Tight Oil (LTO) the new swing producer
  • Global demand to grow slightly faster than supply capacity
  • Saudi Arabian dominance of the OPEC market to decline

To read the Executive Summary of the Medium-Term Oil Market Report 2015 please click here.

To read Executive Director Maria van der Hoeven’s speech at the launch of Medium-Term Oil Market Report 2015, please click here.

To view the presentation that accompanied Executive Director Maria van der Hoeven’s speech, please click here.

BNK Petroleum gets encouraging test results for its shale gas well in Poland

BNK Petroleum has got encouraging test results for the Gapowo B-1H shale gas well in Poland and based on those findings the Company believes further wells are warranted.

Click here to download the full news release

Tifac wants guar taken off commodity exchanges to arrest price volatility

By PTI | 16 Dec, 2014, 08.55PM IST

MUMBAI: A think-tank under the Union Science and Technology Department has called for freeing guar gum from the clutches of speculators and commodity exchanges to bring about price stability.Gaur is currently trading at Rs 8,832 a quintal and the price is expected to remain high on expanding demand from the US shale gas industry and is estimated to shoot up to Rs 11,729 a quintal by 2020, according to the Technology Information, Forecasting and Assessment Council (Tifac).

Happy birthday, Mr. Chairman!

The Premcem Gums’ team wishes Mr. Pratap Joisher, our Chairman and Managing  Director, a very happy Birthday! As he turns 75 today, our best wishes are with him and his family. We also take this opportunity to salute his exemplary vision, his indomitable spirit and his unwavering resolve to give back to society. We thank him for being the father figure at Premcem Gums and wish him many happy returns of the day!

Premcem Gums Gandhidham facility is SMETA 4 audited & certified

Today, we have received the letter from Bureau Veritas India who conducted the audit for our Gandhidham site. We have successfully met all the SMETA 4 requirements and are SMETA 4 certified. The auditors have not given us a single non-compliance and nor any observation at the close of the audit. This is a proud moment for Premcem Gums and the entire team congratulates Ratilal bhai, Vinod bhai, Anviksha, Vigyan, Pravin bhai, the PGG team & the FHG Team who were working on this project.