Sesame Market Weekly Update: Global Supply and Regional Insights
A Steady Global Market with Emerging Trends
The global sesame market continues to show stability this week, supported by robust export activity from major suppliers like India and Pakistan. However, challenges such as Nigeria's harvest delays and varying demand in some regions add a layer of complexity. Key highlights include rising stock levels in China, steady farm gate prices in Senegal, and consistent demand growth in markets like South Korea.India: Price Stability Because of Increased Arrivals
- Raw Sesame: Prices remain stable at USD 1,14–1,28 per kg, reflecting no changes from last week.
- Hulled Sesame: Trade prices at Mundra Port hold steady at USD 1,94–1,96 per kg.
- Daily arrivals in key markets such as Neemuch and Rajkot saw a slight uptick, with 10,000–12,000 bags compared to last week's 8,000–10,000 bags.
- Export demand from South Korea and Gulf countries continues to bolster the market, even as domestic consumption remains subdued.
China: Robust Stock Levels
Qingdao port in China currently holds 166,284 MT of sesame stocks, reflecting consistent import activity to support domestic demand.Nigeria: Harvest Struggles Continue
Adverse weather continues to delay Nigeria's sesame harvest, with only 75% of the crop harvested so far. Exporters face challenges in maintaining quality amid global scrutiny.Senegal: Price Stability Amid Changing Supply
Senegal's sesame market shows stability in farm gate prices at USD 1,045–1,063 per MT. However, declining producer stocks in central regions shift supply control to larger buyers​.South Korea: Growing Demand
South Korea recorded a 26% year-on-year growth in sesame imports, with India capturing a significant share due to competitive pricing and reliable supply​.Burkina Faso: Stable Yet Subdued
The market in Burkina Faso remains stable, with prices between USD 1,200–1,217 per MT. While supply is sufficient, demand stagnation limits price movement​.Future Trends and Monitoring
The sesame market's immediate future points to steady trends driven by consistent demand and stable contributions from exporters like India and Pakistan. However, persistent challenges, such as Nigeria's harvest delays, require close attention as they could influence global pricing.India's strong export performance and South Korea's rising import demand create positive momentum for the industry. Meanwhile, observing price movements in smaller markets like Burkina Faso and Senegal will help gauge broader global trends.
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