In the next tender, India will likely get only 50% of the orders as sesame production in Pakistan has increased to 200,000 tons this year from 1,5 million tons.
Tanzania and Mozambique will also receive orders from Korea. Therefore, the Korean tender is not likely to go up anymore.
Summer sesame crop estimate of 130,000 sacks.
Demand for hulled sesame continues, and since stockists got a good return on the product last year, their purchase has been significant for the commodity.
It was earlier estimated that with last year’s large crop and low demand after the arrival of the summer crop, the availability will be steady for two to three months. No one expected the increase in demand, which resulted in a price hike and now a decline in the arrival.
The demand for white or black sesame continues, keeping the prices up and unlikely to slow down.
Gujarat’s summer crop was less than discussed, West Bengal’s crop did not appear to be under pressure, Andhra Pradesh’s crop remained less than expected, along with the Korean tender helping the price to be up for the commodity. Also, stockists were essential in raising sesame prices by making large purchases. The effect was that the pipeline was empty before the start of the summer crop. The result was the summer crop getting sold immediately.
If there is a new demand for natural sesame from China or other countries, the price of sesame can go up by $0,03 – $0,06 per kg.
The Sesame seeds natural 99.95% sortex prices were Recorded at $1,67 per kg FOB