Rain reduces yields
November has so far proved to be quite lucrative for Indian sesame seed traders. Prices have risen noticeably both on the domestic market and for exports. In particular, farmers who have not suffered any crop losses and can still sell at the higher prices are benefiting from this. Hulled sesame seeds, 99.95% purity are currently offered at prices of USD 2,450/mt CIF EMP.
The reason for the drastic price increase is the aforementioned crop damage in some growing areas. India's sesame seed crop was originally estimated at 268