China and South Korea: Increase in Sesame Imports; Decline in Exports from India

10-Jan-2025 12:30 PM

China and South Korea: Increase in Sesame Imports; Decline in Exports from India
India  
- Weak Demand: Domestic demand remains low, with prices down by 8% compared to the previous season.  
- FOB Prices: International FOB prices are currently in the range of $1,880–1,920/mt.  
- High Competition: Strong competition from other exporting countries is impacting India's sesame market share.  
- Currency Impact: A weaker rupee against the dollar has further affected export margins.
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China  
- Significant Import Growth: Sesame imports totaled 958,000 mt from January to October 2024, compared to 780,000 mt during the same period in 2023, marking a 23% increase.  
- Lower Average Prices: The average import price decreased from $1,668/mt in 2023 to $1,637/mt in 2024.  
- Country-Wise Imports:  
 - Imports from Niger and Nigeria increased from 163,000 mt in 2023 to 283,000 mt in 2024.  
 - Imports from Tanzania rose from 126,000 mt to 138,000 mt.  
 - Mozambique exported 86,227 mt of sesame seeds to China.
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South Korea  
- 20% Import Growth: Between January and October 2024, sesame imports reached 68,536 mt, compared to 57,050 mt in the same period last year.  
- Indian Exports to South Korea: Exports from India to South Korea increased by 18%, reaching 18,141 mt during the same period.
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United States  
- Slight Decline in Imports: Sesame imports fell marginally from 24,176 mt in 2023 to 23,963 mt between January and September 2024.  
- India as a Major Supplier: India remains the largest supplier, though its exports to the U.S. declined by 3%.  
- Country-Wise Import Trends:  
 - Imports from Guatemala dropped by 34.8%, and from Mexico by 30.2%.  
 - Imports from Pakistan surged by 44.5%, and from Nigeria by 87.9%.