Oilseeds - Oilseeds

Sesame seeds: decline in cultivation expected

February 29, 2024 at 3:16 PM , Der AUDITOR
Play report as audio

NEW DELHI. The forecasts for the summer crop in Gujarat were revised this week. Meanwhile, a lack of demand from the domestic and overseas markets is putting pressure on prices in the Indian sesame seed market.

5% smaller acreage in Gujarat

The South Korean tender for 12,000 mt of sesame seeds was expected to provide a boost to the Indian sesame seed market, but the meagre 1,050 mt actually going to Indian exporters were not able to do so. Accordingly, prices for Indian sesame seeds have declined noticeably this week. In addition to the disappointing tender conclusion, general demand from domestic and overseas markets also remains low, which is putting additional pressure on prices.

Market experts therefore expect prices to remain largely stable in the coming weeks

View related articles

Go to the News Overview
Nuts
Jul 15, 2024
NEW DELHI/BUENOS AIRES. In India, peanut prices continue to fall with the prospect of a good crop. Demand in Argentina is good, while Brazil is struggling badly. In the USA, the weather will prove decisive.
Grains
Jul 12, 2024
BRUSSELS. Prospects are far from sunny for wheat in France. Tropical storm Beryl only has a limited impact for US corn. China has signed the first deal for US soybeans. Canada may very well replace Russia and Belarus as a supplier of rapeseed in the EU.
Oilseeds
Jul 11, 2024
MOSCOW/OTTAWA. Since 1 July, EU imports of flaxseed from Russia and Belarus have been subject to a 10% import duty. This is dampening the mood in the market.
Oilseeds
Jul 11, 2024
NEW DELHI/MOGADISHU. Heigh freight rates are making it impossible for exporters in India to raise the prices for sesame seeds. Pakistan is bracing for rain. Sowing is underway in Somalia, where the crop is harvested in autumn.