Isabgol based products to cost more

“Everyone is buying—from ITC to Dabur to Proctor and Gamble—but in small quantities. A clear trend on prices will emerge by October,” said Nirav Patel, owner of Mangalmurti Psyllium Industries. India is the largest exporter of psyllium, which has a huge market in the US, China, Japan and Australia. Spot prices range from Rs 83/kg to Rs 85/kg, while on the Indian Commodity Exchange, prices for October delivery were between Rs 92/kg and Rs 93/kg. Manoj Jain of Indore-based IndiaNivesh Research said prices may reach Rs 100 a kg by October. Niraj Wadhwa, partner, Siddhpur Sat Isabgol Processing Company, said prices have risen by 20% since last year. “We expect demand to pick up from USA, Europe and other places. The contracts for future deliveries in January, February and March are ...