The sesame market continues to demonstrate resilience, with stable prices across key regions. Strong export demand, particularly from Gulf nations and South Korea, is balancing challenges like adverse weather in Nigeria and moderate arrivals in India. A comparison with last week’s trends highlights consistent performance with minor adjustments in global supply dynamics.
India: Prices and Arrivals Hold Steady
- Raw Sesame: Prices this week remain between USD 1,14 and 1,28 per kg, similar to last week.
- Hulled Sesame: Continued trading at USD 1,94 to 1,96 per kg at Mundra Port, unchanged from the previous report. It reflects continued stability in prices and arrivals, with no significant changes from the previous week. Export demand remains the driving force behind price sustainability.
Market Activity:
- Daily arrivals at Neemuch and Rajkot stayed steady at 8,000–10,000 bags, maintaining last week’s levels.
- Export momentum remains robust, supported by consistent demand from South Korea and Gulf nations.
Nigeria: Persistent Challenges
Nigeria’s sesame harvest remains under pressure, with weather-related delays continuing to limit progress. The harvest completion rate has improved slightly but remains below 75%, raising concerns over crop quality. Last week’s report highlighted similar concerns, with harvest delays still a major issue. These challenges keep global supply uncertain, though the effects on pricing have yet to materialize significantly.
Pakistan: Reliable Contributions
Pakistan continues to supply sesame reliably, with consistent exports and prices between USD 1,19 and 1,24 per kg. Pakistan remains a stabilizing force in the global sesame market, providing much-needed balance amid disruptions elsewhere.
South Korea: Strong Import Demand
South Korea’s year-on-year import growth remains steady at 20%, driven by increased reliance on Indian sesame. No significant changes were noted from last week, reflecting ongoing demand stability in South Korea.
Final Words
The sesame market is expected to maintain its current trajectory of stability in the near term, bolstered by steady export demand and consistent contributions from key suppliers like India, Pakistan, and Turkey. However, Nigeria’s ongoing harvest challenges remain a wildcard, with the potential to disrupt global supply in early 2025.
For Indian exporters, maintaining competitive pricing will be critical to capturing further gains in international markets. While domestic consumption remains subdued, robust export demand offers a positive outlook.
Please register or login to a BASIC membership to read more.
Gain access to:
All articles on Commodity Board €4.99 per month
Click here to check our previous sesame reports
Click here to reach our trading platfrom CMBroker
