Conflict in Reports
There have been mixed reports about the production of summer sesame seeds. By March end of last year, the government reported that the sowing was 55,702 hectares for sesame seeds’ summer crop. However, it is being reported to be 57,127 hectares now. As per the government report and data, there has been an increase of around 15-20 percent in the sowing this year.
On the other hand, according to farmers and traders, overall sowing for the summer is down by 15 to 20 percent this year. It means the overall yield for the seed for the summer crop won’t be more than 125 thousand tons. Last year, the yield was 150 thousand tons for the summer crop.
There is slow demand for Natural and Hulled sesame seeds in the domestic and export market. Also, with the low stock from the last year, the price stays stable for the crop.
Korean tenders support Indian Sesame Market. According to reports, about 80 percent of the Korean tender has already been fulfilled. New Crop will arrive after 40 to 45 days, and no new demands are expected to arrive during this time; the price is expected to stay low in the coming days.
Due to the conflict in the reports Government and Traders about harvest this year, there is a dilemma, and the exact situation can not be predicted about sesame seeds. If production has increased and demand in the international and domestic market is less, it will cap the sesame price. On the other hand, traders state that the market can go up in the future with less yield if demand increases.
White Natural Sortex 99.95%
|April 11||$1,64 per kg FOB|
|April 1-10||$1,65 per kg FOB|
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