The sesame market maintained stability this week, with prices largely unchanged across key markets. While strong export demand from countries like South Korea and Gulf nations continues to support prices, challenges such as adverse weather in Nigeria and varying market dynamics in India reflect a complex global sesame trade. A comparison with the previous week's trends highlights consistent performance, with minor shifts in global supply and demand factors.

India: Export Demand Sustains Stability

Indian sesame prices remained steady this week:

• Raw Sesame: Traded between USD 1,14 and USD 1,28 per kg.
• Hulled Sesame: Held at USD 1,94 to 1,96 per kg at Mundra Port.
• Daily arrivals in local mandis, including Neemuch and Rajkot, ranged from 8,000 to 10,000 bags, slightly lower than the 10,000 to 12,000 bags reported last week.
• The export momentum, especially to South Korea and Gulf countries, has been instrumental in maintaining price levels.

Prices for raw and hulled sesame have remained consistent for consecutive weeks, signaling steady market conditions. However, the slight dip in daily arrivals reflects a gradual tightening in supply as the season progresses.

Nigeria: Persistent Harvest Challenges

Nigeria's sesame harvest continues to be impacted by adverse weather, with delayed progress and concerns over crop quality. This week, the harvest completion rate remains below 70%, reflecting ongoing difficulties in maintaining consistent supply to global markets.

While before Christmas we reported similar concerns, there is no notable improvement in Nigeria’s situation. These persistent challenges could lead to global price volatility in the coming months.

Pakistan Remains A Steady Contributor

Pakistan’s sesame exports continue to provide stability, with prices holding between USD 1,19 and 1,24 per kg. Export volumes remain consistent, reflecting Pakistan's reliability amid global uncertainties. Pakistan’s steady contributions mirror the trends observed last few weeks, ensuring a balanced supply to offset disruptions from regions like Nigeria.

South Korea Has Robust Import Demand

South Korea’s sesame imports remain robust, with year-on-year growth of 20% sustained by strong demand. India’s share in this market continues to grow, supported by competitive pricing and consistent quality. South Korea's steady import demand underscores its critical role in driving export momentum for Indian sesame.

Final Words

The sesame market is expected to maintain its stable trajectory in the short term, bolstered by strong export demand and contributions from reliable producers like India, Pakistan, and Turkey. However, Nigeria’s ongoing harvest delays remain a wildcard, with the potential to disrupt supply chains and influence prices in early 2025.

For Indian exporters, maintaining competitive pricing will be crucial to capturing further gains in international markets, particularly as global buyers continue to monitor Nigeria’s crop performance.





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