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Manthan1709

Dec 6, 2024

Sesame Market Weekly Report

Sesame Market Weekly Report

The global sesame market remains stable this week, supported by robust export demand and consistent contributions from India, Pakistan, and Turkey. However, Nigeria’s ongoing harvest delays continue to create uncertainty, keeping global buyers vigilant.

India: Stable Prices Driven by Export Demand

Sesame prices in India remain steady, with raw sesame trading between USD 1,14 and 1,28 per kg and hulled sesame at USD 1,94 to 1,96 per kg at Mundra Port. Increased export demand, particularly from Gulf countries, is driving market activity. However, subdued domestic consumption continues to limit price growth.

These trends mirror last week’s conditions, where strong export demand from South Korea and Russia offset weak domestic consumption, keeping prices stable.

Nigeria: Harvest Delays Intensify Supply Concerns

Nigeria’s sesame harvest remains under significant pressure, with continued adverse weather causing further delays. Only 60% of the crop had been harvested by last week, and the situation has worsened. Concerns over crop quality and yield persist, raising questions about global supply stability.

One exporter commented, “The prolonged rains are creating serious disruptions. If this continues, the global sesame market may face tighter supply and potential price volatility in the months ahead.”

Pakistan: A Steady Contributor to Global Supply

Pakistan continues to play a stabilizing role in the sesame market, with prices ranging between USD 1,19 and 1,24 per kg. Exports remain consistent, and there have been no significant changes in market dynamics, reflecting Pakistan's reliability amid global uncertainties.

Turkey: Import Activity Mitigates Supply Shocks

Turkey's sesame imports remain steady, with prices holding between USD 1,10 and 1,30 per kg. Imports from Nigeria, Sudan, and Brazil are sufficient to meet local demand, providing a crucial buffer against potential supply disruptions.

Conclusion: Stable Prices with Rising Risks

The sesame market is expected to remain stable in the near term, bolstered by strong export demand and reliable contributions from major suppliers like Pakistan and Turkey. However, Nigeria’s ongoing harvest delays and quality concerns remain a wildcard, with potential implications for global supply and price trends in the months ahead.





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