The cost of sesame experienced a significant surge in the initial and subsequent quarters of 2023 owing to diminished supplies triggered by adverse weather patterns, notably irregular and untimely rainfall. These conditions disrupted the natural cycle of sesame crops, causing a shortage of this commodity and subsequently driving prices upward. Procurement in the market encountered difficulties, leading to consistently high sesame prices during this timeframe, thereby affecting the agricultural commodity market as a whole.
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Definition
Sesame is an oilseed crop cultivated primarily for its seeds, which are small, flat, and teardrop-shaped. These seeds are known for their rich oil content and nutty flavor. Sesame seeds are widely used in culinary applications, including cooking oils, condiments, and baked goods, as well as in various cuisines globally. They are also valued for their nutritional benefits, containing essential nutrients like protein, fibre, and healthy fats, making them a versatile and valuable ingredient in the food industry.
Key Details About the Sesame Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Sesame in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sesame Prices, including India Sesame price, USA Sesame price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sesame Price Trend:
Sesame seeds serve multiple roles in industries, providing a rich source of high-quality oil used in creating cooking oils, margarine, and beauty products. Their stability and resistance to spoilage make sesame oil particularly valuable for lubricants, pharmaceuticals, and even as a biofuel. Beyond this, the leftover sesame seed residue, referred to as sesame meal or cake, acts as a protein-rich feed for animals. The extensive range of industrial applications underscores the economic importance of sesame across diverse sectors.
Key Players:
- MDECA Group (Movimiento de Capital)
- Selet Hulling PLC
- Dipasa USA, Inc.
- Olam International
- Dipasa Europe B.V.
- Tradin Organic Agriculture B.V.
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