Sesame Seed seeds

Sesame Seed Weekly Update

Mintec Global
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As the sesame seed market continues to evolve, significant developments have been observed across major exporting countries. This report provides an in-depth analysis of the latest pricing, inventory levels, and market conditions.

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Sesame Seed Price Trends Across Key Exporting Countries

  •  Pakistan: Stability in the market is underscored by the unchanged price range of $1,700 to $1,720 CNF for Hybrid/Sindh sesame seeds for May/June shipments. This reflects a balanced supply-demand scenario in Pakistan.
  • Nigeria: The Lafia Sesame variety remains priced at $1,750 to $1,780 CNF for the upcoming shipment period, indicating steady market conditions similar to last week.
  • Brazil: In a strategic move, prices for Brazilian Whitish Sesame seeds have been reduced to $1,500 to $1,550 CNF for May/June shipments, down from last week’s $1,780 to $1,790 CNF. This adjustment aims to boost competitiveness and capture more market share.
  • Chad: Prices for Chad’s whitish sesame seeds continue to be quoted at $1,750 to $1,800 CNF for the same shipment window, demonstrating market stability in this region.
  • Sudan: The market for Sudan’s Premium quality Gadaref Sesame remains robust, with prices holding at $1,920 to $1,940 CNF, reflecting ongoing demand for high-quality seeds despite regional challenges.
  • Burkina Faso: Consistent demand is evident with prices for both whitish and mixed sesame varieties maintaining at $1,920 to $1,940 CNF, unchanged from the previous update.

Major EU Countries’ Import Trends

The European market continues to show a strong preference for high-quality sesame seeds from India:

  • Greece: As the leading importer, Greece’s consistent demand is highlighted by stable import volumes and prices.
  • The Netherlands: This country remains a key player, with continued imports at stable prices, indicating a solid demand for sesame seeds within its markets.
  • Germany: German imports are steady, showcasing an ongoing preference for premium sesame seeds, which is critical for suppliers to note.
  • Sweden: Retaining the highest price point among EU countries, Sweden’s market demands high-quality sesame seeds, a trend that persists in this update.

China’s Strategic Inventory Management

  • Qingdao Port: There has been a significant increase in sesame seed stock levels at Qingdao port, with current inventories at approximately 207,900 MT. This is a 7.55% increase week-on-week and a substantial 30.75% rise month-on-month, illustrating proactive stockpiling which could be in anticipation of future market shifts.

India’s Export Prospects and Production Forecasts

  • South Korea’s Tender: India’s substantial win in South Korea’s tender, securing 5,100 MT out of 7,500 MT, demonstrates India’s competitive edge in quality and pricing in the global market.
  • Upcoming Crop Estimates: The positive outlook for India’s summer sesame crop is anticipated, with official estimates to be declared by IOPEPC on May 4th. This forecast will be crucial for market stakeholders.

Harvest Outlook in Tanzania and Mozambique

  • Tanzania: Despite favorable conditions for a strong yield, heavy rains might delay the harvest by one to two weeks, potentially affecting market timings and prices.
  • Mozambique: The region expects a robust yield, though it remains vigilant to the impacts of climatic conditions on agricultural output.

Impact of Geopolitical Tensions on Global Trade

The Red Sea crisis continues to pose logistical challenges, impacting global shipping routes and necessitating strategic adjustments in operational tactics, particularly affecting Port Sudan’s functionality.

Stakeholders are encouraged to adapt swiftly to these developments to optimize their market positioning.