Current Scenario
The markets worldwide are being affected by increasing cases of Omicron, and it is impacting the commodity markets as well; Sesame is no exception. It has been observed that demand in the export market is more petite. Though the arrivals are less, especially of premium quality in the local markets of sesame seeds, the domestic demand is good due to the winter season, which has supported the prices.
On the other hand, traders are excited about the upcoming Korean tender. Various brokers and traders make assumptions regarding the quantity of Korean tender allotted to India. All are hoping like last time India would be getting highest part of it.
The ones with stocks are waiting for the market to go up, as sesame prices might hike according to the current market trend. That is one of the reasons why arrivals are less since stockiest are not willing to sell at the moment moreover when this season’s crops are less.
Experts believe that the sesame market currently has deals, especially in domestic markets, due to the forward carry stock.
Arrivals
Total arrivals at the mandis this week are 1.287,74 tonnes, and the maximum was from Gujarat 561,04 tonnes.
Prediction
Traders believe that white Sesame may improve and have an upward price trend. As the significant states like Gujarat, Rajasthan, and Uttar Pradesh are facing a shortage in the current crop. All the significant states will have fewer stocks as the production and distribution will remain low compared to last year.
Prices
• White Natural 99/1/1 stands at $ 1,56 per Kg
• Semi Z Black 99.95% stands at $ 3,28 per Kg