Gujarat, India, is about to make a huge splash with a bumper crop of at least 0.175 million tonnes of summer sesame! Despite a bit of a hiccup with a 20-30% reduction in yield in the Amreli-Surendra Nagar areas due to a lack of water, this Indian state is still on track to deliver the goods. However, the Amreli-Bhavnagar region is facing a bit of a shortfall, which could create difficulties in filling the Korean tender of 1,500 tonnes.
Outlook
In West Bengal, the sowing of Sesame of Brown, Red Brown and Golden Yellow varieties is a big deal, with most of it done in March. The pressure of new arrivals usually comes between June 5 and 15 every year; this year is no exception. But there’s a twist: sesame and groundnut sowing in West Bengal has increased due to poor remunerative prices for jute. Unfortunately, the sesame yield may be affected by the delay in sowing and heavy heat three to four degrees higher than usual.
To make matters worse, the pipeline is empty, making it tough to get even 100 tonnes of old sesame stock.
Empty sesame pipeline, heavy demand
The sesame pipeline is empty all over the country, and demand is also standing in every centre for crushing quality in the South. Despite the pressure of new arrivals, the demand is expected to remain heavy. The price of sesame will decrease after the new arrivals, but it’s expected not to go as low as last year.
According to market analysts, the sesame price is expected to remain high until June 10 due to delayed delivery of tenders from Korea and the arrival of summer sesame in most regions. However, with the arrival of sesame from Tanzania, Mozambique, India, Brazil, and Pakistan, the price is expected to fall. It’s worth noting that the stockist is likely to wait to make a purchase at the beginning of the season despite the empty pipeline. The future price of sesame remains uncertain, so it’s a wait-and-see situation.