According to analysts rains in Rajasthan and Madhya Pradesh have caused the current condition of the sesame crop and the market remains very unclear as of now. Sesame sowing is yet to continue in Uttar Pradesh. The accurate scenario of the sesame crop can be measured in the month of October.
Currently, India does not have any carry forward stock of sesame seeds and the demand for sesame seeds in August month has remained stable. Traders stated this year throughout the season so far demand has remained quite low due to a limited supply of sesame seeds.
Analysts also said, however, the export demand for sesame is currently active and average. By end of September, the festive domestic demand may arise and support the market. To meet the domestic demand till Diwali, which is one of the major festivals of Hindus, 1 million tonnes of sesame will be required by India itself for its own consumption.
Pakistan’s sesame crop situation in the world market was in discussion for a long time and there was also an estimate that the crop size is of 2 million tonnes. Unfortunately, continuous rain for 10 days has damaged the sesame crop of Pakistan by 25-30 percent leading to a hike of $100 to $120 pmt.
Sources suggest, “70 to 80 percent purchase of Korean tender has been completed by suppliers, but 20 to 30 percent of the purchase is still pending. The exporters are planning to buy the remaining sesame after the arrival of the new crop. However, due to uncertain rains, a delay is expected in sesame from Rajasthan, Madhya Pradesh and Uttar Pradesh, Therefore, chances are there that suppliers will have to opt for old sesame to complete the shipment to Korea.
At present, it is very difficult to state the situation of sesame seeds. Mainly after the arrival of the new crop, the sesame market can predict a more clear trend.
The Sesame seeds natural 99.95% sortex prices were recorded at $1,74 per kg FOB, India.