The recent release of the Korean sesame seed tender has helped the Indian market. India has received almost 92.5% of the 12.000 tonnes order of sesame seed. As a result, the increase in buying the commodity by the traders to meet the demand will keep the market price high.
Apart from India, Nigeria was the only other country that was successful in bidding.
According to market experts, India has been able to get the tender successfully despite quoting a higher price than Nigeria.
But currently, only the exporters will be buying the sesame seeds to meet the Korean order. The domestic demand will continue to be slow for the next four months. The demand in the domestic market is expected to improve from Diwali onwards.
The summer crop has come on the market. While Andhra Pradesh, Telangana, and Maharashtra have produced more than expected. However, Gujarat and West Bengal’s production is less than average.
In the international market, the situation of sesame is the same as in India. The new crop from Tanzania has started arriving in the market. The production is 15 to 20 percent less for the country.
Mozambique’s sesame seed will arrive in the market in the next week. But their production is down by 15 to 20 percent.
Sudan and Ethiopia, despite producing sesame seeds, there are no international buyers for the products. In addition, due to currency and government issues, other countries are unwilling to do business with these two countries.
The overall trend for Indian sesame seeds will be good in the coming days.
The White Natural Sortex 99.95% prices were Recorded at $1,67 per kg FOB
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