W48 Sesame Seed Update: Sesame Seed Price in Myanmar Declined While Indian Price Remained Strong

Promising Sesame Seed Crop for Central Queensland's Farming Industry

Sesame seeds are emerging as a promising crop in central Queensland's farming industry in Australia. The Cooperative Research Centre for Developing Northern Australia has led the spice project for five years, collaborating with farmers, researchers, advisers, and commercial seed companies. Sesame seeds have shown great potential due to their ability to yield good crops in hot and dry climates, and great domestic and international market opportunities. Researchers are optimizing the ideal conditions for growing sesame seeds to maximize their potential. Other spices being considered include Kalonji, nigella seeds, and fennel, but sesame seeds are currently the top performers in growth trials and market research.

Challenges in Myanmar's Sesame Seed Market

Myanmar’s ongoing blockade of border trade lanes is causing significant logistical challenges for the export of agricultural products. As a result, the prices of Myanmar's agricultural products have declined, which is a major concern given the country's heavy reliance on agriculture. The sesame seed market is facing difficulties in exporting to China, leading to price fluctuations in the local markets.

Indian Sesame Seed Industry Faces Setback as Arrivals Fall Short of Expectations

The Indian sesame seed industry is facing a setback as the arrivals fall short of expectations. In W48, only 472 mt of sesame seed were delivered to the trade market, of which 282 mt came from Gujarat. Despite the arrival of the new crop, prices remained strong due to the shortage. The concerns over crop loss caused by climate change keep the prices at the current level, with some upward corrections.