The sesame market this week remains marked by strong export momentum, with contributions from major producers like India, Pakistan, and Turkey. However, ongoing weather challenges in regions like Nigeria continue to cast uncertainty on the global supply.

Compared to the previous week, new insights into global imports, particularly from South Korea, and domestic updates in India indicate a stable market outlook despite external pressures.

India: Exports Shine, Domestic Prices Hold Steady

India continues to play a pivotal role in global sesame supply. This week, raw sesame traded between USD 1,14 and USD 1,28 per kg, while hulled sesame remained steady at USD 1,94 to USD 1,96 per kg at Mundra Port—identical to last week’s levels.

• Crop Progress: 75–85% of India's Kharif sesame crop has been harvested. The total crop estimate stands between 140,000 and 150,000 MT, bolstered by increased exports to Gulf countries.
• Market Conditions: Local mandis like Neemuch and Rajkot reported daily arrivals of 3,000 to 4,000 bags, while Gujarat alone saw 10,000 to 12,000 bags arriving last week.

South Korea: Surge in Imports

South Korea's sesame imports have grown significantly, rising by 20% year-on-year from 57,050 MT in 2023 to 68,536 MT in 2024 (January–October). However, the average price dropped slightly to USD 2,179 per MT. India's share in this market increased by 17%, positioning it as a key supplier.

Nigeria: Persistent Harvest Delays

Nigeria’s sesame harvest continues to face severe disruptions due to adverse weather. Only 60% of the crop had been harvested as of last week, and concerns over crop quality and reduced yields remain high. Weather-related disruptions in Nigeria may further tighten the global supply, causing potential price volatility in the months ahead.

Pakistan and Turkey: Stable Contributors

• Pakistan: Exports remain consistent, with 50,000 to 55,000 MT of sesame stock ready for shipment. Offer prices are stable at USD 1,400 FOB for Qingdao-bound shipments.
• Turkey: Import activity remains steady, with prices between USD 1,10 and 1,30 per kg, helping to balance global supply disruptions.

Conclusion: Stable Yet Watchful

The sesame market maintains a stable outlook, bolstered by strong export demand and reliable contributions from key players like India, Pakistan, and Turkey. However, Nigeria’s ongoing harvest delays remain a wildcard, with the potential to disrupt supply and influence global prices.

With consistent export demand from South Korea and Gulf countries, India remains well-positioned to leverage its production strength. However, global buyers are closely monitoring weather conditions in Nigeria, which could introduce volatility in the near future.





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