India's Sesame Insights: Acreage Decline, Crop Sowing Changes, and Production Decline Trends

Gujarat, India:

• Sesame acreage decreased by 8% compared to last year's summer season.
• Predominant diversion of sesame acreage to other crops such as Moong and Urad in Junagadh, Fodder crop in Surendranagar, and Bajra in Amreli.
• Anticipated 12% decrease in production compared to last year, totaling around 123,000 MT.
• Expected sesame yield decrease by 4.4% due to weather anomalies and water shortage.

China's Sesame Market: Stock Origins and Reducing Demand

Qingdao Port, China:

• Main stock origins from Nigeria and Togo.
• Nigerian mixed sesame costs around $1798 USD/MT.
• Prioritization of cheaper varieties by hulling and oil factories, reducing demand for Tanzanian and Pakistani sesame.
• Pakistani sesame mainly sold to roasted factories at $1880 USD/MT, with limited demand for Tanzanian sesame.
• Chad sesame preferred for similar purposes due to attractive pricing.
• Some traders selling at lower prices, even at a loss, due to financial pressure.
• Oil factories experiencing losses this month, with blended oil becoming increasingly competitive.
• Qingdao port stock as of 07/05/2024: approximately 223,364 MT.

Tanzania's Sesame Sector: Price Surge, Adverse Weather, and Export Outlook

Tanzania:

• Higher sesame prices compared to competing crops like sunflower seeds and soybeans, motivating increased sesame planting.
• Promising results from the sowing season.
• Adverse weather conditions impacting areas around Morogoro and near Dar Es Salaam.
• Uncertain extent of damage to quantity and concerns about impacts on seed quality.
• Export quantity estimates: around 150,000 MT for 2024.
• Offer prices: Mixed sesame - $1650 to $1680 USD/MT, White Sesame - $1700 to $1730 USD/MT, South Sesame $1730 to $1750 USD/MT.

Mozambique's Sesame Forecast: Rainfall Benefits, Yield Expectations, and Stock Status

Mozambique:

• Anticipated sesame seed production of approximately 90,000 MT in 2024.
• Favorable rainfall conditions leading to expectations of similar or slightly higher crop yield than last year.
• Outcome dependent on prevailing weather conditions until July.
• Overall Qingdao port stock as of 07/05/2024: approximately 223,364 MT.
• Tanzania exported around 155,000 MT in 2023, with an estimated export quantity of around 150,000 MT for 2024.

Brazil's Sesame Landscape: Expansion, Challenges, and Market Reach

Brazil:

• Commencement of sesame sowing season with notable expansion into new areas.
• Productivity challenges for new sesame producers.
• Sesame emerging as an attractive alternative for cultivation during the second harvest, especially compared to corn.
• Flooding in the state of Rio Grande do Sul with little impact on sesame production as the main production area is Mato Grosso.
• Mato Grosso expected to see a bumper crop in terms of quality and quantity due to increased sesame crop area.

Key markets: India, Türkiye, Vietnam, and various parts of the Middle East.