India’s white sesame market is booming this summer, with farmers experiencing record-breaking profits. While some areas are impacted by unseasonal rains, others, like Saurashtra, are thriving. With increasing local and international demand, market experts predict sesame will become the next gold commodity.
The summer season brings a bountiful harvest of white sesame in India; this year, the prices have been nothing short of fantastic. With the cost of white sesame hitting high on April 10, farmers have rejoiced as their profits soared. Despite a slight price dip, ranging from USD 40.33 to USD 41.67, the market remains lucrative.
In Saurashtra, the cultivation of white sesame is thriving, particularly in Halwad, Dhrangadhra, and Surendranagar. In contrast, other areas, such as Gondal, Amreli, Bhavnagar, and Junagadh, are experiencing lower yields due to the impact of unseasonal rains. Despite these challenges, farmers remain optimistic and are working hard to sow their crops quickly before the onset of the pre-monsoon season.
The white sesame crop is the most popular choice among farmers, with a negligible amount of black sesame being planted due to its late ripening. Farmers have started quickly preparing their crops, with early sesame seeds being harvested. However, the summer sesame crop is expected to yield a substantial harvest of 0.15 million tonnes, although it may decrease by 5-10% due to the unseasonal climatic conditions.
The demand for sesame is high locally and internationally, with countries like China, Iran, Türkiye, and Vietnam expressing interest in purchasing Indian sesame. The market is fully supported by factors such as the empty sesame pipeline, the massive demand for sesame, Korean tender and the import of sesame from other countries worldwide for the next four months. Thus, market whisperers predict that sesame will stay strong in the upcoming days.