The White Sesame Shortex and Turmeric
In recent months, white sesame shorts faced a substantial downturn, while turmeric sesame also underwent a notable decrease. The present cost for white sesame is $2,25 to $2,27 per kg or €1,90 to €1,92 per kg. Turmeric sesame, currently priced at $2,63 or €2,22 per kg, also experienced a decline during the same period. Despite this dip, the likelihood of further decrease is low due to high import parity and the expectation of limited domestic production until April.
International Influence Of Sudan, Nigeria, and Brazil And Domestic Scenario
Global events, such as Sudan’s internal unrest and Yemen’s terrorist attacks disrupting steamer traffic, have shaken the sesame market. Sudan’s white sesame prices surged, impacting the international market. Meanwhile, Nigerian white sesame prices fluctuate, and Brazilian imports contribute to supply pressures in India. The red flags in Sudan raise concerns about future exports, creating ripples in the sesame market.
Domestic factors also play a crucial role, with delayed cold weather affecting the domestic demand for black sesame and turmeric sesame. The attack by the Wamani terrorist group in the Red Sea halting steamer traffic hampers the export prospects of Indian turmeric sesame. Black sesame, however, faces a different scenario, with prices dropping due to subdued domestic demand and increased sowing. The anticipation of Chinese demand and impending arrivals in May shapes the future of black sesame prices.
Expectations and Contingencies
As the sesame market experiences these intricacies, exporters must remain vigilant. The potential for a minor increase in white sesame and turmeric sesame is on the horizon. The emergence of domestic demand post-Makar Sankranti (kite festival) could lift white sesame prices. However, uncertainties loom, particularly with the approaching South Korea tender and the potential impact on African countries.
Sesame’s 2024 journey discloses a rollercoaster of price fluctuations. White sesame shorts and turmeric seeds witness significant dips, with the current white sesame price at $ 2,00-2,01 per kg. Global disruptions, including Sudan’s unrest and Yemen’s attacks, add complexities, while domestic factors influence black sesame and turmeric prices. Despite a potential minor increase, uncertainties persist, notably with the South Korea tender. Post-Makar Sankranti, exporters might find fair winds for white sesame, but caution remains key in a market prone to unpredictable tides and unexpected twists.