Sesame Seed

Sesame Global Report: India & International Market

Mintec Global
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India’s Sesame Market

India, a major player in the global sesame market, has experienced notable shifts in recent months. The most significant change has been in the pricing of white sesame sortex. Over the last 1.5 to 2 months, prices have decreased significantly, dropping by USD 0,30/kg. This puts the current price at USD 2,00/kg, a notable decline from the earlier USD 2,30. Hulled sesame, another key variety, also saw a price reduction, now standing at USD 2,35/kg compared to USD 2,50/kg.

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The dynamics of India’s sesame market are not solely confined to pricing. The import and demand patterns have undergone shifts as well. In the past three months, India imported approximately 70,000 to 75,000 MT of white sesame, and this entire stock has been exhausted. Looking ahead, there are expectations of importing an additional 20,000 to 25,000 MT of sesame by April. The demand for black sesame, typically a winter staple, was impacted by the late onset of the cold season, leading to a decrease in its price.

These changes in the Indian market are reflective of both domestic and international factors, indicating the interconnected nature of global agricultural commodities.

The International Sesame Market

Globally, the sesame market is a tapestry of diverse trade dynamics and evolving trends. Countries such as Pakistan, Nigeria, Burkina Faso, and China play pivotal roles in this market.

The international sesame trade faces its own set of challenges. One such challenge is the impact of global events on trade routes. The Red Sea crisis, for instance, has caused a redirection of shipping routes. This not only extends transit times but also adds to the overall cost, affecting the supply chain efficiency.

Moreover, the price trends and market behaviors in other countries like Tanzania, Mozambique, and China provide further insights into the global sesame market. These regions have shown specific movements in sesame prices and have been affected by shipping dynamics, which are crucial for understanding the global market.

Pakistan is increasing exports

Pakistan saw a substantial increase in sesame seed exports to China, with the export value reaching $250,85 million from January to November 2023, compared to $117,85 million in the same period last year. Pakistan’s sesame trade, particularly its burgeoning exports to China, exemplifies the country’s growing influence in the global market. This surge in exports marks a pivotal shift, underscoring the evolving trade relationships within the Asian continent.

Nigeria’s anticipated crop size for sesame seeds was around 320,000 to 350,000 MT, with a significant amount expected to be exported by the end of December.

Burkina Faso‘s total crop size was projected to be between 150,000 to 160,000 MT, with a major portion already bought by exporters and China being a key export destination.

Africa is a significant contributor

Nigeria and Burkina Faso emerge as significant contributors in the African sesame market. Their projected crop sizes and export strategies highlight the region’s importance in meeting global sesame demand. The intricate balance between domestic production and international exports in these countries mirrors broader trends in global agricultural trade.

Chad’s sesame seed crop size was estimated to be around 75,000 to 80,000 MT. The country has emerged as a new player in the international market, with China and Türkiye as major export destinations.

China is a significant player in the sesame market, both as an importer and an exporter. Its import dynamics, particularly from countries like Pakistan and Chad, influence global price and supply trends.

Conclusion: The Global Sesame Trade Tapestry

The global sesame market is a complex and interconnected web, with each country playing a unique role. From India’s shifting market dynamics to Pakistan’s export growth, and the African nations’ contributions to China’s pivotal position, the global sesame trade is a testament to the interdependence of the world’s economies. This comprehensive overview not only highlights the current state of the market but also sheds light on the future trajectory of the global sesame trade, emphasizing the need for adaptive strategies and international cooperation.

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