Weekly Product Updates

W47 Sesame Seed Update: USDA Introduces Crop Insurance Expansion, Sudan Reports Production Surges, Myanmar Faces Export Challenges, and Ghanaian Farmers Reported Shifting Trends

Sesame Seed
Market & Price Trends
Myanmar [Burma]
Published Nov 29, 2023

USDA Expands Crop Insurance to Nationwide Coverage for Sesame Producers from 2024

The United States Department of Agriculture (USDA) is introducing a nationwide crop insurance coverage for sesame producers, effective from the 2024 crop year. Responding to increased interest in sesame production, the USDA's Risk Management Agency (RMA) is expanding the Actual Production History (APH) plan, allowing producers to request agreements in areas with successful sesame or similar crop cultivation. Tailored for clean, dry sesame, the APH plan saw over 35 thousand insured acres and USD 9 million in liabilities in 2023. The expansion includes written agreements for sesame cultivation in various regions, offering enhanced risk management options for producers.

Non-dehiscent sesame's resistance to shattering at maturity allows harvesting with wheat equipment, and the RMA is extending enterprise units to sesame for improved risk management. Producers interested in planting and ensuring sesame can consult their crop insurance agents for details and upcoming sales closing dates. The expansion aims to support sesame cultivation and enhance risk management options for producers nationwide.

Gadarif State, Sudan, Records Significant Increases in Summer Sesame Production for 2023

The Ministry of Production and Economic Resources of Gadarif State of Sudan reported satisfactory summer grain production, with output increases in sorghum and sesame. The sorghum planting area saw a year-on-year (YoY) rise of 65.9%, reaching 1.8 million hectares (ha), while sesame planting expanded by 54.5%, totaling 370 thousand ha. The overall planned planting area for Gedarif Oblast this summer encompasses various crops, including sesame, sorghum, millet, and peanuts. Despite a 10.8% decrease in agricultural inputs compared to the previous year, the total output reflects positive growth. The summer's agricultural initiatives aim to support over 6.5 thousand subsidized farmers, marking a 34.2% reduction from the previous year.

Myanmar's Sesame Market Faces Challenges Amid Border Trade Lane Blockade

The blockade of border trade lanes adversely impacted Myanmar's domestic producers, particularly in the agriculture-based economy. With the closure of regular border trade routes, agricultural product exports, including sesame seeds, face challenges, leading to a decline in market prices. The price of plain white sesame seeds decreased week-on-week (WoW) from USD 166.80 per 45 pounds (MMK 350,000/45 lbs) to USD 169.18/45 lbs (MMK 355,000/45 lbs). Specifically, the sesame market is affected by the inability to export to China, resulting in fluctuations influenced by local Chinese buyers and traders. Recent market trends in Mandalay indicate changes in prices for plain white and black sesame seeds, emphasizing the ongoing challenges faced by Myanmar's agricultural sector.

Shift from Maize to Sesame and Soybean Farming Raises Concerns in Sissala Enclave, Ghana

Farmers in the Sissala enclave, Ghana, are increasingly shifting from maize to sesame and soybean cultivation due to the high cost of maize production. Driven by economic considerations, this change could have significant implications for maize production in the region, which traditionally produces over 100 thousand metric tons (mt) of maize annually. The change in cultivation patterns is due to factors such as the cost-effectiveness of sesame and soybean farming, with farmers citing higher profits and lower production costs. Farmers emphasize the need for government support, including improved infrastructure, access to quality inputs, and engagement with farmers to address these challenges and sustain food production. Despite the shift, maize production in the Sissala East region has shown an increasing trend in recent years, indicating a complex dynamic in agricultural practices.

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