Free of charge

Sesame seeds: India plunges into chaos

November 15, 2016 at 9:04 AM , Der AUDITOR
Play report as audio

NEW DELHI. The conversion of notes in India has caused a greater chaos on the market than previously expected.

Indians are able to withdraw only 4,000 rupees per day, at the most, from their bank accounts, which amounts to not even 55 euros. That poses quite a problem for the raw materials trade, since not every farmer accepts cheques as payment. They need cash themselves to pay their workers, as well as to pay for the new crops’ seed.  

 

sesame prices India

type

USD/mt

hulled, 99.95%

1,270

natural

1,200

CIF Hamburg

 

Strong differences
Due to the uncertainty on the market, the traders’ individual offers differ greatly. Hulled sesame, 99.95%, is dealt at a level of 1,270-1,350 USD/mt CIF Hamburg. Sesame exporters explain the lower prices with the fact that farmers are lowering raw sesame prices in order to sell, in spite of the scarce cash situation. Additionally, the current scenario does not help to improve competitiveness towards African sesame seed suppliers. Other agricultural commodities are also affected by the development. It will still take a few days until things return to normal.  

Attached Files

File icon
sesame seeds, hulled, mech. dried 3.045-0.9

View related articles

Go to the News Overview
Grains
Aug 28, 2026
BRUSSELS. Intensifying attacks are taking their toll on Ukrainian and Russian wheat. Traders are using alternative routes for Ukrainian corn. Soy is in high demand. Trump’s trade war with Canada may impact canola.
Oilseeds
Aug 27, 2026
NEW DELHI/KHARTOUM. Sesame seed prices on the Indian market are coming under increasing pressure. Demand leaves much to be desired. In Sudan, lower rainfall has caused delays in sowing.
Oilseeds
Aug 27, 2026
OTTAWA/ASTANA. Canada’s flaxseed exports rose by 25% in the first half of 2026. Market players are awaiting the new crop. Sufficient supply on the international market is increasing competitive pressure.
Oilseeds
Aug 26, 2026
SOFIA/KYIV. Bulgaria plans to step up checks for pesticide residues in sunflower seed shipments from Ukraine. Analysts expect prices in Ukraine to fall as the new crop becomes available.