6. September 2024

Vietnamese Pepper Exports Soar: How Low Harvests Are Shaping the Market?

Posted on 6. September 2024

Vietnamese Pepper Prices See a Steady Increase Pepper prices in Việt Nam continued to rise at the start of the week, averaging $4,75 per kg. Đắk Nông, Đắk Lắk, and… […]

Sesame Crop in Gujarat and Other Key Regions Faces Setbacks Due to Weather This week, unfavorable weather conditions have severely impacted the Indian sesame market, particularly in Gujarat. The sowing area for Kharif sesame has dropped to 1.08 million hectares, compared to 1.18 million hectares last year. Persistent heavy rains in Saurashtra-Gujarat have caused widespread crop damage, worsening the situation for farmers who were already concerned about low planting numbers. Farmers report that sesame crops have suffered significant losses, with substantial reductions in yield expected in certain areas. Similarly, recent weather conditions have damaged sesame crops in Pakistan, leading to a decline in quality. This has created additional pressure on supply, making it harder to find high-quality sesame in the market. Quality and Supply Concerns Expected to Push Sesame Prices Higher The crop damage in key producing regions such as Gujarat, Madhya Pradesh, Rajasthan, and Uttar Pradesh will likely reduce the availability of good-quality sesame. As a result, prices are expected to rise in the coming weeks. Market analysts predict that prices could increase by $0,06 per kilogram. Last week, white sesame prices ranged between roughly $1,55 to $1,56 per kilogram, reflecting slight fluctuations due to crop challenges. In comparison, prices in Gwalior have slightly decreased. Hulled sesame prices fell from $1,55 to $1,54 per kilogram. With ongoing concerns about supply shortages and quality, analysts expect further price increases as the market adjusts to these challenges. Brazilian Sesame Imports Offer Some Relief To offset the domestic crop damage, Brazilian sesame imports have begun arriving in India. This week, approximately 8,000 to 10,000 metric tons of high-quality Brazilian sesame entered the country, with more shipments expected in September. Currently, Brazilian sesame prices range from $1,50 to $1,55 per kilogram, providing some relief to the price volatility caused by domestic production issues. While these imports may help stabilize prices temporarily, analysts believe domestic supply challenges and increasing demand could continue to push prices higher in the future. China's Sesame Market Faces Supply Glut, Pressuring Prices In China, increased sesame supply, particularly from Tanzania, has led to a decline in prices. Qingdao Port now holds approximately 152,100 metric tons of sesame as of September 2nd, 2024, with imported sesame stored in large quantities. Despite these stocks, downstream buyers remain cautious, adding pressure to prices. Import prices for Tanzanian sesame have dropped by 3.43%, with other varieties following a similar trend. With Pakistan's sesame crop expected to arrive soon, Chinese port traders are actively working to clear existing inventory, which could further lower prices. This global price drop might impact the Indian market, especially if demand stays weak. Unfavorable weather conditions have created significant challenges for the Indian sesame market, leading to crop damage and potential supply shortages. While Brazilian imports offer some temporary stability, the shortage of high-quality domestic sesame and rising demand may continue to push prices higher. Meanwhile, China's oversupply and cautious demand could further impact global sesame prices. The market is expected to remain volatile as more information about crop damage and its effect on prices becomes available.

Sesame Market Weekly Update: Market Faces Uncertainty as Crop Damage and Supply Concerns Rise

Posted on 6. September 2024

Sesame Crop in Gujarat and Other Key Regions Faces Setbacks Due to Weather This week, unfavorable weather conditions have severely impacted the Indian sesame market, particularly in Gujarat. The sowing… […]

Global Weather Conditions Threaten Late Crop Yields and Delay Winter Sowing

Posted on 6. September 2024

Dry and hot weather across key agricultural regions, including Ukraine, Romania, the U.S. Corn Belt, and the southwestern Russian Federation, is negatively affecting the yield potential of late crops. Meanwhile,… […]

Reduction in Argentine Corn Planting Due to Leafhopper Concerns

Posted on 6. September 2024

Last week, the Buenos Aires Grain Exchange predicted a 17% reduction in Argentine corn planting for the 2024/25 harvest. This forecast stems from growing concerns about the leafhopper pest, which… […]

Quality or Price? Intense Competition in the Buckwheat Market

Posted on 6. September 2024

Dalian – As of the end of September, the collection of new grain has begun, with imported buckwheat prices remaining low. Market feedback indicates that buckwheat prices have declined in […]

Wheat Paradox – Record Production And Rising Concerns

Posted on 6. September 2024

Wheat Stock at a 16-Year Low India is facing a peculiar situation in the wheat market. Despite reports of record wheat production, the country is grappling with rising wheat prices… […]

Since the Beginning of September, Sunflower Oil Prices in Ukraine Increased

Posted on 6. September 2024

According to APK-Inform, since the beginning of September 2024, prices for crude sunflower oil showed increasing trend in Ukraine. This trend is due to active demand for the product against… […]

What Are The Factors Affecting The Mustard Prices Fall?

Posted on 6. September 2024

Mustard Prices Drop Due to High Arrivals The mustard market has experienced a decline in prices due to an increase in supply from producing areas and weakened demand from oil… […]

Sunflower Seed Market Update: Uncertainty Looms as New Season Begins

Posted on 6. September 2024

As September progresses, the sunflower seed market is showing signs of improvement due to cooler weather conditions. However, predicting the market’s future, especially in Europe and the Middle East, remains… […]

Sugar Prices Supported by Droughts and Wildfires in Brazil

Posted on 6. September 2024

Sugar prices are moderately higher today. The October raw sugar contract settled up 0.11 cent, or 0.6%, at 19.49 cents per lb. The October white sugar contract rose 1.8% […]

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