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Sesame seeds: India profits from crises in other countries

November 4, 2021 3:58 PM, Der AUDITOR
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NEW DELHI. The crises in Sudan and Ethiopia are certainly having an impact on the sesame seed market. Although Diwali has subdued trading in India this week, arrivals are expected to pick up on Labh Panchami, which marks the start of the new year, on 9 November. Traders report that overseas demand is good.

Conflicts prompt prices to rise

Trading has come to a standstill in India as Diwali, the Festival of Lights, is currently being celebrated. While trading has been largely subdued in the local markets over the last few days, the farmers are making good progess. Arrivals should pick up on the first day of the Indian New Year on 9 November when business resumes again. Good overseas demand has driven up prices. Some exporters are also buying to have enough supplies at their disposal to be able to meet their bids for the recent tender from South Korea.

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