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.
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.