On the first week of November, there was a steady increase in the price of Sesame seed, and it continued that way on the day the market opened after the Diwali festival. Then, however, there was a major slump in the price due to lackluster demand throughout the last week. But with an increase in domestic and export demand for the seeds, the price has increased as the market opened on November 15. However, the price for Black Sesame seed remained stable since the price hike on November 8.
White Natural 99/1/1
|November 15||$1,58 per kg FOB|
|November 11||$1,57 per kg FOB|
|November 9||$1,61 per kg FOB|
|November 8||$1,62 per kg FOB|
|November 2||$1,54 per kg FOB|
White Natural Sortex 99.95%
|November 15||$1,68 per kg FOB|
|November 11||$1,67 per kg FOB|
|November 9||$1,70per kg FOB|
|November 8||$1,73 per kg FOB|
|November 2||$1,64 per kg FOB|
White Hulled Sesame Seeds Auto Dry 99.99%
|November 15||$2,22 per kg FOB|
|November 11||$2,21 per kg FOB|
|November 8||$2,24 per kg FOB|
|November 2||$2,11 per kg FOB|
Super Z Black 99.95%
|November 8||$2,39 per kg FOB|
|November 3||$2,35per kg FOB|
Countries are looking towards the Indian sub-continent for sesame seeds since there is a gradual decrease in the production in the African market for the crop. The major import countries like UAE, China, USA, Turkey, and Japan are likely to see towards the Indian subcontinent to fulfill their demands.
There is already the expectation that China may start importing the seeds from Pakistan and even India in the coming months, with demand for the commodity increasing with the easing of the lockdown restrictions. As a result, the market for sesame seeds is changing in Ethiopia.
Furthermore, with oil-crushing factories, restaurants, and offices opening up and the least awareness sector promoting sesame seed as a health food, the demand for the product is expected to grow amidst lower supply from Africa. As a result, the global market will see a price boost for the commodity.
The above factors will also affect the Indian sesame seed prices, and it has already started to reflect. Despite the Diwali festival and spot markets starting to close early this month, the prices have remained steady and experienced a hike for white sesame seed varieties on the first day of the month.
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