Indian Sesame seeds market is stable. Overall prices should remain range-bound and we do not expect any major increase or drop in next 2-3 weeks. Unseasonal rains may change the scenario if crops are damaged. Some parts of Gujarat saw rains and hail storms in the last week.
Old Crop Supply :
India : Old crop stocks are low, and arrivals are negligible due to Covid. Labour shortage and fear of travel, will further put pressure on Supply.
West Africa : Low stocks, good demand from China as well as Turkey, Middle East.
East Africa : Some stocks, but slow shipments and high prices.
New Crops :
Gujarat : Expected to be around 100,000 Mt. Again this month is crucial for the crop as weather plays a big role because Sesame plant is very delicate and easily affected with high winds and rains.
Usually with the new crops, also comes new demand especially from Far-east countries like China, S Korea, Taiwan and Japan.
We expect a stable market. Only if there are rains or similar weather effects during harvest which damages the crop, we can expect a sharp increase in prices.