India: Increased Arrivals and Strong Export Growth

The Indian sesame market has shown a recovery as of the week ending October 22, 2024, with improved sesame arrivals across major regions. In Uttar Pradesh, daily arrivals range from 8000 to 10000 bags (each bag 60 kg), arriving from areas like Mahoba, Orai, Rath, and Chattarpur, which are driving the market. Prices range between USD 1,14 to 1,28 per kg, marking an increase from the previous week. During that time, only a few regions, such as Madhya Pradesh, had new arrivals in smaller quantities.

Exports have also surged, with India’s overall sesame exports rising by 11% between January and September 2024 compared to the same period in 2023. Key buyers include South Korea and Russia, with export volumes increasing by 45,7% and 45,2% respectively. This contrasts with last week’s tighter supply due to delays in the Kharif crop harvest.

Mundra Port reported a slight rise in hulled sesame prices, increasing from USD 1.920 to 1.940 per metric tonne—a 0.6% rise. In Gujarat, however, prices experienced a 1,6% drop, reflecting a varied pricing trend similar to the previous week.

Nigeria: Harvest Progresses, But Weather Poses Challenges

Nigeria’s sesame harvest has reached 60% completion, though heavy rains have impacted some regions. While the harvest was nearing completion last week with expectations of a 350.000 MT crop, recent weather conditions have delayed progress. The northern regions, including Bauchi and Yobe, have begun harvesting, with Gombe and Kano expected to follow within the next 15 days.

Prices remain stable, reflecting the consistent international demand observed last week. However, weather challenges could impact future supplies.

Pakistan: Completion of Harvest with Slight Price Drop

Pakistan’s sesame harvest is now nearly fully complete, with 95% of the harvest traded both domestically and internationally. Last week’s market prices ranged between USD 1,19 and 1,24 per kg, though prices have softened slightly this week due to reduced demand.

Türkiye: Supply Steady Despite Logistical Challenges

Türkiye continues to import sesame, though logistical delays—especially from Brazil—remain a concern. Prices have remained relatively stable, fluctuating between USD 1,10 and 1,30 per kg. This trend is consistent with the previous week’s performance, where supply was maintained despite shipping challenges, supported by imports from countries like Nigeria and Sudan.

Conclusion

India’s sesame market is showing solid recovery with increased arrivals and growing exports, particularly to countries like South Korea and Russia. In Nigeria, however, weather challenges have slowed harvests, and Pakistan’s nearly completed harvest has seen a slight dip in prices due to seasonal factors. Türkiye continues to import sesame steadily, though ongoing logistical delays are a concern. As the season progresses, market conditions in these countries will shape sesame prices and availability, with factors like demand trends, weather, and shipping efficiency likely to play a key role in the months ahead.





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