Estimated crop production in Gujarat is a bit less
In Gujarat, production of the white sesame crop was estimated at 0.15 Million Tonnes. In the Surendranagar district, the yield is lower than the expected yield. The figures say that crop production is 0.135 Million Tonnes. From this total production, 0.11 Million Tonnes of white sesame has arrived in the market. This year the arrival of white sesame was very intense. If we compare with the previous year, the peak arrival of 40k bags for 3 days were there. While in the current year pickup peak is noted at 50k – 60k bags for 15 consecutive days.
Increase in prices of white sesame – Korea’s tender
The latest average market price in the Unjha market is USD 1,73 per kg. Generally, the price is in the range of USD 1,33 to 1,84 per kg, depending on the quality. In the past 15 days, a rise of approximately USD 24 per kg has been seen. The reason behind the sudden hike is Korea’s tender. There is a need for urgent delivery of 12k Tonnes of white sesame in the coming week. Apart from this tender order, 60% of the domestic buying is seen.
“If India gets a good order in Korea’s tender, then white sesame seeds will increase by $ 0.08 to 0.09 per kg” said Rajni Vitthalani.
Sesame around the world
In Tanzania, the crop has been estimated at 0.13 Million Tonnes and the new crop is on arrival at present. The price of mixed sesame in Tanzania’s market is USD 1760 – 1770 per Metric Tonne and the price of white sesame is USD 1850 per Metric Tonne. ,
Mozambique’s crop is estimated to be 0.1 Metric Tonnes and the price for mixed is in the range of USD 1800 to 1820/MT. Pakistan’s new crop will come into the market in the month of July. The price of white hybrid sesame is USD 1750 per metric tonne and farm variety is running at USD 1650 per Metric Tonne.
Price of Indian sesame is higher in the global market
“The price of sesame in the world market will decrease by USD 100 – 150 on the pressure of the new crop of Tanzania, Mozambique, Pakistan” said Girish Nemade.
Indian sesame price in international platforms is at USD 2,150 per metric Tonne. The price of Chinese sesame is USD 2,100 per Metric Tonne. Also, the price of Indian Sesame is USD 275 higher than the new sesame of Jania, Mozambique and Pakistan. In view of all these situations in the international market, price is about to decrease from USD 100 – 150 per Metric Tonne.
Black sesame has arrived in the market and is in huge demand by stockists
Due to the arrival of 80% of black sesame crops in the summer season in the state of Gujarat, the stockist’s grip on black sesame is strong. The price of Z Black Sortex Sesame to USD 2,105 per metric tonne from USD 1,899.20 per metric tonne at the beginning of June.
In the Kharif season, farmers have shifted to groundnut and cotton sowing from sesame. In other words, the sowing of black and white sesame has reduced. That’s why stockists are buying black sesame in their full capacity. Though the demand for the export of black sesame is not good enough, with the support of the stockists, there is no possibility of a recession in black sesame from the present price. In other conditions, if the demand for export comes out, then there is a possibility of a huge boom in black sesame in the future.