November 9, 2016
The Indian 2016 winter crop is expected to be considerably lower than the 2015 crop by as much as 30% to 40%. Indian farmers moved to alternative crops that will give them a better return than Sesame Seeds. India has good local market demand and this is expected to continue until the end of November. China has experienced extreme bad weather with large flooding and this is expected to lead to a much smaller sesame crop. The African continent represents the largest growing sesame region in the world with 2016 crop estimates at 1.25 million MT
Under current market conditions the market is stable with a softening undertone. This is expected to continue until the new 2016 crops size, global demand and supply situation becomes clearer. Buyers are advised to buy requirements for the next six months or quarter as a minimum to secure supply and prices.