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Sesame seeds: no price increase due to high supply

July 1, 2021 at 4:17 PM , Der AUDITOR
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NEW DELHI. In India, farmers have started sowing for the main crop in autumn. Although the government has increased the minimum support price for this season, some producers may switch to more profitable agricultural commodities such as peanuts or cotton.

Supply beats demand

Indian sesame seed farmers are gradually bringing their summer crop to the trading markets and supply is so abundant that no price increase is currently expected. According to official estimates, the summer crop yielded around 100,000 mt, but at the same time demand is only a fraction of the usual trading activity at this time. In particular, buying interest from the domestic market leaves much to be desired, while some traders are taking advantage of the situation to stock up and are steadily pushing the market price down in the proces

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