Stable Prices and Strong Export Prospects

With Diwali just over in India, the sesame market is holding steady. Thanks to strong export demand and consistent supply in key regions. However, the global sesame market is experiencing mixed conditions as weather challenges impact Nigeria, the harvest wraps up in Pakistan, and Turkey keeps up with steady imports.

India: Stable Prices with Positive Export Momentum

In India, sesame prices remain stable, with only slight increases expected as Diwali demand rises. Current prices range from USD 1,14 to 1,28 per kg in major sesame-producing areas like Uttar Pradesh, Gujarat, and Madhya Pradesh, closely aligning with prices from late October. Despite a 20-30% dip in the Kharif crop output due to poor weather, India’s export market is strong, especially with increased orders from South Korea and Russia this season.

Compared to the last month, the Indian market continues to show resilience, as an uptick in export activity helps offset production challenges. At Mundra Port, prices for hulled sesame remain steady between USD 1,94 and 1,96 per kg, showing a slight increase from last month.

Nigeria: Weather Conditions Impact Harvest Progress

Nigeria’s sesame harvest has been disrupted by ongoing rains, particularly in the northern regions. With about 60% of the crop harvested by late October, recent weather issues have raised concerns about crop quality and potential yield reductions. Buyers are watching Nigeria’s output closely, given its critical role in global sesame supply.

Last month, similar weather concerns were noted, and the impact is ongoing. If heavy rains persist, the harvest may see further delays and quality issues, which could tighten global sesame supply in the coming months.

Pakistan: Harvest Wraps Up with Steady Prices

In Pakistan, the sesame harvest is now complete, and prices have remained steady, though slightly lower than in recent weeks due to seasonal demand adjustments. Market prices currently range from USD 1,19 to 1,24 per kg, consistent with late October levels. While domestic demand remains stable, the primary focus is on exports, with prices expected to hold steady in the short term.

Pakistan’s stable conditions echo those of the previous weeks, adding to the region’s sesame supply and helping maintain balance in the market.

Turkey: Imports Stay Strong Despite Logistical Hurdles

Turkey continues to import sesame at a steady rate, driven by local market demand. Prices are ranging between USD 1,10 and 1,30 per kg, with imports from Nigeria, Sudan, and Brazil helping meet this demand despite logistical delays, particularly from Brazil. Turkey’s price range has stayed consistent with last month’s levels, reflecting stable supply dynamics despite occasional challenges.

Steady Market with Supply Risks from Nigeria

The sesame market outlook remains cautiously optimistic. Strong export demand from India and stable prices are helping to offset some global supply challenges. However, ongoing weather issues in Nigeria could threaten the global supply if they continue to impact crop quality and yield. Meanwhile, Turkey and Pakistan are adding stability to the market, and India’s steady prices amid Diwali demand provide a boost to the market.

With global demand holding strong, especially from South Korea and Russia, the international sesame market will be closely watching developments in Nigeria for any potential supply disruptions.





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