The information we get from the cultivation areas in the Mediterranean are not very promising. While the harvest yields in Turkey seem to reach normal volume, the expected quantities in most of the Mediterranean regions are significantly below normal levels.
- Spain – 50%
- Italy – 35-40%
- Morocco – 20%
- Portugal – 30%
- Turkey as in the previous year
In view of these forecasts prices have risen sharply in recent weeks. Without knowledge of the expected harvest quantities, the kibblers were not willing to make offers to the producers of Locust bean gum until a few days ago. In turn, this led to the fact that producers were unable to offer prices and quantities of LBG. As a result, prices reached a high level which we have not seen for long time. Due to this situation, we do not expect prices to fall. Only after the harvest has been completed and total crop size will be known the kibblers will fix prices for seed and LBG producers will be able to offer quantities and prices.
The purchasing power of Dupont as the largest buyer of seeds will also have an important impact on prices. We recommend medium to long-term coverage, providing that the necessary quantities are available and can be offered at all.
LBG Market ReportNovember 7th, 2017
The information we get from the cultivation areas in the Mediterranean are not very promising. While the harvest yields in Turkey seem to reach normal volume, the expected quantities in most of the Mediterranean regions are significantly below normal levels. Current estimates: Spain – 50% Italy – 35-40% Morocco – 20% Portugal – 30% Turkey […]Read more...
Guar & Xanthan Gum market report July 2017July 26th, 2017
Guar Gum Powder At the end of 2016 Guar prices were at a low level. For no obvious reasons, however they started to rise in February and increased by about 35% by May. Most likely prices were driven by the high amount of orders from the oil sector and a scarcity of the raw […]Read more...
Psyllium Market ReportMarch 17th, 2017
Market report by Neupert Ingredients. The first reports on the current psyllium harvest in India are now available and there seems to be a 10% increase compared to the previous year. This has led to a short-term recovery in prices, which have recently been at a very high level. The harvest forecast is estimated to […]Read more...
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