The sesame market this week continues to showcase stable performance, bolstered by robust export demand from key regions. While domestic conditions in India remain consistent, global dynamics—particularly in Nigeria and Pakistan—highlight varying trends in production and export activity. Comparing this week's developments to the previous week reveals a mix of stability and emerging concerns.

India: Steady Domestic Performance

Indian sesame prices remain stable across major markets, driven by strong export activity. This week, raw sesame continued to trade between USD 1,14 and 1,28 per kg, while hulled sesame remained at USD 1,94 to 1,96 per kg at Mundra Port. These prices mirror last week’s levels, reflecting consistent market conditions.

This week saw steady arrivals in Rajkot, Gujarat, with a daily influx of 10,000 to 12,000 bags. The robust export demand, especially from South Korea and Gulf countries, remains a critical driver for price stability. Similar to last week, India’s Kharif sesame harvest—estimated between 140,000 and 150,000 MT—continues to support export activities, particularly as demand surges globally.

Nigeria: Ongoing Harvest Delays

Nigeria's sesame harvest continues to face challenges due to adverse weather conditions. As of this week, harvest progress remains below 70%, raising concerns over crop quality and global supply disruptions. Last week, Nigeria's weather-induced delays raised alarms, with only 60% of the crop harvested. This week’s marginal improvement highlights persistent issues that could influence global pricing trends in the coming months.

Pakistan: Reliable Contributions

Pakistan’s sesame export volumes remain consistent, reinforcing its role as a stabilizer in global supply. Offer prices continue to hover at USD 1,400 FOB for shipments bound for Qingdao. Although last week, Pakistan remains a reliable contributor, ensuring steady supply to offset uncertainties from other regions like Nigeria.

South Korea: Sustained Import Growth

South Korea’s sesame import trends remain positive. Year-on-year imports have risen by 20%, with India capturing a 17% share of the South Korean market. While average import prices dropped slightly, the consistent demand reinforces India’s strong position as a key supplier. This reflects the same upward trajectory noted last week, underscoring South Korea’s growing dependency on Indian sesame.

Final Layout of Global Sesame

While the global sesame market demonstrates resilience, uncertainties in Nigeria continue to act as a potential wildcard. For India, stable domestic production and robust export activity position it well for sustained performance. Pakistan and Turkey also remain critical contributors, helping to balance global supply-demand dynamics.

As buyers closely monitor Nigeria’s harvest conditions, the coming weeks will determine whether these disruptions lead to global price volatility or if strong contributions from India and other nations can mitigate the risks.





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