The sesame market has undergone a series of fluctuations in recent times, with new crops being introduced and uncertainties due to weather patterns. The arrival of white sesame has caused prices to decrease, but not as significantly as the year before.
South Korea held an open tender, where the order of 1800 tonnes was received from bidders below $2000. India was given an order for 1500 tonnes, while Nigeria obtained an order for the remaining 300 tonnes. Currently, Gujarat could see a summer crop of 0.150 to 0.175 million tonnes of sesame, primarily white with some black sesame, provided there are no weather issues within the next two weeks. The arrival of Tanzania and Mozambique’s sesame crops in the international market is imminent, with both countries expected to produce around 200,000 tonnes. The new stock is priced between $1780 and 1800 per tonne.
Sudan currently holds a good stock of sesame, but political unrest makes exporting challenging. Other African countries, such as Nigeria, Niger, Burkina Faso, Togo, Mali, and Chad, do not have substantial old stock of sesame. Indian White Sesame Shortex prices are the most expensive globally, ranging from $ 2160 to 2170 coatings per tonne in the international market.
No stock of sesame in India
There is currently no stock of sesame in India. The price of Indian Turmeric Sesame is $2400 per ton in the world market, similar to that of Sudan and Turkey. Summer sesame arrivals in India are expected to begin in the first week of June; meanwhile, Tanzania and Mozambique will have their harvest soon, followed by Brazil’s 85,000 to one lakh tonnes of crops in the second week of June. Sesame sowing has increased in Brazil, with clear weather patterns promising a bountiful harvest almost as impressive as last year. Given these predicted harvests, it may take time to determine the impact on the overall sesame market.
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