Sesame Market Weekly Update
Sesame Market Holds Steady as Global Supply Risks Persist
The sesame market continues to show resilience following Diwali, with stable prices and strong export demand supporting India’s position. However, global supply challenges persist due to ongoing weather issues in Nigeria, raising concerns about crop quality and yield. Turkey and Pakistan remain steady contributors to the market, while India’s increased arrivals post-Diwali add further stability.India: Stable Prices As Arrivals Increase
In India, sesame prices remain stable in major producing regions like Uttar Pradesh, Gujarat, and Madhya Pradesh, ranging between USD 1,14 to 1,28 per kg, consistent with last week’s levels. At Mundra Port, hulled sesame continues to trade between USD 1,94 and 1,96 per kg, reflecting steady export momentum. Increased arrivals in Neemuch and Rajkot have led to slight price softening, but overall market sentiment remains positive.Last week, prices were similarly stable, driven by Diwali demand and strong export orders from South Korea and Russia, which offset a 20-30% decline in Kharif crop output. This week’s consistent pricing reflects ongoing stability in the domestic market.
Nigeria: Weather Challenges Threaten Global Supply
Nigeria’s sesame harvest continues to face disruptions due to heavy rains in northern regions. As of last week, 60% of the crop had been harvested, but recent weather issues have worsened concerns about crop quality and yield reductions. Buyers are closely monitoring the situation, as Nigeria remains a critical player in the global sesame supply chain. The ongoing weather-related challenges in Nigeria have raised the risk of supply shortages, potentially tightening global markets.Pakistan: Stable Market with No Major Changes
Pakistan’s sesame harvest is fully completed, and prices remain steady, ranging between USD 1,19 and 1,24 per kg. The market continues to focus on exports, with no significant changes in demand or pricing. This stability mirrors last week’s conditions, contributing to a balanced supply for the global market.Turkey: Consistent Imports Support Stability
Turkey continues to import sesame steadily, with prices holding between USD 1,10 and 1,30 per kg. Imports from Nigeria, Sudan, and Brazil are helping meet local demand despite occasional logistical delays. The price range has stayed consistent with last month’s levels, providing stability to the international sesame market.Market Stability with Persistent Risks
The sesame market remains stable, with strong export demand from India helping to offset some global supply concerns. However, Nigeria’s ongoing weather challenges pose a significant risk to global sesame supply. Buyers will continue to watch developments in Nigeria closely, as further disruptions could impact crop availability and quality.Turkey and Pakistan’s stable contributions provide some relief to the global market, while India’s steady prices post-Diwali reflect its strong position. Despite global challenges, the outlook for the sesame market remains cautiously optimistic.
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