TNAU Reports Black Sesame Prices Soaring to ₹140-145/kg During Harvest Season

Good-quality black sesame prices are projected to range from ₹140-145 per kg during the harvest season, according to a pre-sowing price forecast from the Tamil Nadu Agricultural University (TNAU). This assessment is derived from an extensive analysis of sesame price trends over the past 25 years at the Sivagiri Regulated Market in Erode district. India’s position as the largest global producer and exporter of sesame plays a critical role in these price dynamics, contributing significantly to global production estimates for 2024, which stand at 6.7 million tonnes.

The driving forces behind this forecast are complex, involving local agricultural conditions and broader geopolitical factors. India accounts for 0.87 million tonnes of sesame production, comprising about 12.93% of global output, with substantial competition from Myanmar and Sudan. Major export destinations include South Korea, the United States, and Russia, underscoring the strategic importance of this commodity. The cultivation of sesame during both kharif and rabi seasons is encouraged due to its drought-resistant characteristics, which have made it a preferred crop among farmers, particularly in Tamil Nadu.

In the short term, traders and investors should remain vigilant regarding the potential volatility in sesame prices. Factors such as rainfall patterns and the volume of sesame arrivals from competing states could significantly influence price stability. The TNAU has advised farmers to consider these variables when planning their sowing, which may ripple through market dynamics. Investors should weigh these risks and opportunities as they anticipate price fluctuations in the upcoming seasons.

Source: Market Source

(Expert Note: This report was independently prepared by the Wealthova Commodities team.)