The ailment of the white sesame market has remained uncertain, yet there is no possibility of a drop in the price because of the non-availability of offers from African countries, due to which the supply situation is very tight.
Looking at the supply situation of white sesame in India, it seems that the sesame crop has not exceeded 0.125 million tonnes. The quality of the supply that is being made at present is very weak.
Indian Sesame prices are very high compared to international Sesame prices, and due to the long winter here, local demand will continue for one month, which will support White Sesame prices. At present, the price of Sortex is $2,09 to 2,10 per kg, which is expected to remain range-bound in the coming days.
Korea’s tender is next week. The cost of Indian sesame is above $2200 per ton, while the price of Sesame in other countries is average $1900 per ton, therefore India is not likely to get orders in Korea’s tender. According to reports, Sudan, Nigeria, Burkina Faso, and Pakistan are likely to get orders in Korea’s tender.
Presently there is no offer from African countries because for the last 2 years, after African suppliers have sent unsold cargo to China, the trend of port deals has started, which is increasing continuously, due to which there is an assumption that there is no offer at present.
White quality sesame Is out of supply
Nigeria’s sesame crop was estimated to be 3 to 3.5 million tonnes, but no offer from there for the last 1 to 1.5 months. White quality sesame Is out of supply. The price of mix quality is available at $1750 per ton but there are no offers by suppliers yet. Burkina, Mali, and Togo were estimated to have a crop of 2 million tonnes, but there are no offers from them also at the moment. The price of white natural sesame is said to be $1800 per ton. $1700 FOB of Sudan Red sesame seeds is being offered.
Pakistan has some stock, but due to Pakistan’s main buying country being Iran, offers are not received by other customers. It is estimated that 20 to 25% of the stock is lying in Pakistan. Pakistan is giving the price of hybrid variety at $1650.
The only positive thing for the Indian Sesame market at present is that Indian Hulled Sesame has good parity compared to African countries and Pakistan Sesame. Due to this, the export of hulled sesame is regular from India.
No demand for black sesame
There is currently no demand for black sesame seeds and the position of stock is good here. Presently Z black is $1,92 per kg in the domestic market, according to which the parity in the international market is $ 2050 FOB, which is not in demand due to the high price. The price of black sesame will come down to $1,78 only then there is a possibility of demand for export.
The crop of Mozambique and Tanzania will arrive in the international market in June-July and at the local level, the summer crop of Gujarat and the brown sesame crop of Bengal will arrive in May-June. There is no possibility of supply bigger than this in the market at the present stage and the demand will remain good for one month, due to which the price of white sesame is likely to remain limited.
Sources state that against the supply of the local crop of white sesame, the price will remain range bound in sesame seeds due to the support of local demand.
The Sesame seeds hulled 99.95% sortex prices were Recorded at $2,31 per kg FOB.