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Manthan1709

Nov 22, 2024

Sesame Market Weekly Report

Sesame Market Weekly Report

India’s Sesame Market Trade: Strong Exports, Low Local Demand

India’s sesame market remains balanced, supported by strong export demand but weighed down by muted domestic consumption. Prices for raw sesame are trading between USD 1,14 and 1,28 per kg, while hulled sesame at Mundra Port is holding steady at USD 1,94 to 1,96 per kg, unchanged from last week.

Exports to South Korea and Russia have provided a boost, but higher arrivals in Neemuch and Rajkot are keeping prices from rising. The steady flow mirrors trends observed last week, keeping the market stable but without much upward momentum.

Nigeria’s Rain-Soaked Harvest Sends Ripples Through the Market

Nigeria’s sesame harvest continues to face severe disruptions from unrelenting rains. Only 60% of the crop has been harvested so far, with no improvement in weather conditions this week. Buyers are growing increasingly concerned about crop quality, as yield reductions threaten global supply.

One exporter noted, “The rains are not just delaying harvest—they’re impacting the quality, and that’s a big worry for the global market.”

Pakistan: Steady Supply of Sesame, Reliable Prices

Pakistan’s sesame market is maintaining its stability, with prices ranging between USD 1,19 and 1,24 per kg. Exports are flowing at a consistent pace, reinforcing Pakistan’s role as a dependable supplier in the global sesame trade.

While no dramatic changes have been reported, Pakistan’s consistent performance remains a reassuring factor for buyers navigating uncertain supply conditions globally.

Turkey Keeps the Balance with Steady Imports

Turkey’s sesame imports are helping maintain equilibrium in the global market. Prices this week are holding between USD 1,10 and 1,30 per kg, with no significant changes from last week.

Imports from Nigeria, Sudan, and Brazil remain sufficient to meet local demand, despite occasional logistical issues. Turkey’s steady import activity has been critical in preventing further disruptions to the global sesame supply chain.

Global Stability with Risks on the Horizon

The sesame market appears stable for now, supported by strong export demand and consistent contributions from countries like Turkey and Pakistan. However, Nigeria’s ongoing harvest delays remain a key risk factor, with buyers closely monitoring the situation.

With demand from South Korea and Russia holding firm, the near-term outlook points to continued stability. Yet, if Nigeria’s challenges persist, global sesame prices could see disruptions in the months ahead.





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