Sesame seed inventory at Huangdao Port, China, witnessed a month-on-month (MoM) reduction of 13.36% and a substantial year-on-year (YoY) decrease of 29.54%, reaching 123.1 thousand metric tons (mt) on December 27, 2023. From December 21 to December 27, inventory input increased by 26.85% MoM and 139.32% YoY, totaling 11.58 thousand mt. Inventory output for the same period amounted to 18.54 thousand mt, indicating a 10.55% MoM increase and a notable 36.56% YoY rise. Despite the expected decrease in sourcing costs for goods arriving in Jan-24, the prevailing no-profit situation suggests that prices will remain high.
In Nov-23, India exported approximately 13.5 thousand mt of sesame seeds valued at USD 31.58 million. This represents a 21.7% YoY decrease in quantity and a 6.1% YoY decrease in value compared to Nov-22. The decline is attributed to reduced export demand, particularly from the Chinese market. Notably, Chinese buyers are increasingly sourcing sesame seeds from Tanzania due to competitive pricing and good quality, with traders noting that the quality surpasses that of Pakistani origins after hulling. Moreover, there was a low local demand in India, accompanied by limited trade activities. Nonetheless, the winter season typically sees a significant uptick in the consumption of sesame seeds within domestic markets.