Brief Sesame Seed Market Update – March 2022
Sesame seed pricing has moved upwards considerably over the last few weeks. This comes after most premium quality stocks are depleted. As a result of not so greater stock, the time and effort taken to produce one full container load is taking around three times as long. As in other supply chains, freight prices are becoming ever more concerning. Most carriers out of India may well increase their rates substantially. MAERSK announced that if Russia decide to invade Ukraine, they will increase their freight charges by 100%. 2022 crop harvest is now not too far away of being ready to harvest, and we will begin to see estimates soon. We have all been hoping for good weather conditions to assist in crop growth and development, which will result in a better yield and forcing prices down.