There has been an unexpected boom in the white sesame market. There is concern over whether sesame will be available for domestic demand to meet the festive weeks. With the increasing uncertainties about it, the prices of white sesame are increasing continuously.
Although the white sesame crop may have been much less than last year, it does not reflect on the daily income so far. However, when the summer harvest season began, the old stock was almost zero, the same as last year’s summer. Carry forward was available in the stock market by the start of the harvest season. Due to the scarcity of old stock, the purchase of hulled and crushing units has increased steadily since the summer harvest season started this year.
During the summer harvest season, two big tenders came from South Korea, and India got almost 90 percent of its orders. The purchase for the tender was also increasing since the summer harvest season started.
Since the start of the summer crop season, the prices of Indian sesame have been the cheapest in the world. But the rapid increase in the domestic prices of sesame Indian sesame prices have come in parity with almost all the other countries.
Sesame exports have been supported by excessive depreciation of the rupee. Hence currency factor is also responsible for the rise of sesame.
There is no possibility of getting an export order in Natural Sesame soon, as new tender from Korea will not likely come soon.
The current rally in white sesame will be based on domestic demand. Based on the current stock position and need, there will be an increase of $0,03 – $0,04 per kg.
The Sesame seeds natural 99.95% sortex prices were Recorded at $1,58 per kg FOB.