Sesame prices during the first and second quarters of 2023 were notably high due to reduced supplies caused by adverse weather conditions, particularly uneven and unseasonal rainfall. This disrupted the Sesame crop cycle, resulting in a scarcity of the commodity and consequently pushing prices upward. The market faced challenges in procurement, and overall, Sesame prices remained elevated during this period, impacting the agricultural commodity market.
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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 Price chart, 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 find several industrial applications. They are a source of high-quality oil, used in the production of cooking oils, margarine, and cosmetics. Sesame oil’s stability and resistance to rancidity make it valuable for lubricants, pharmaceuticals, and even as a biofuel. Additionally, sesame seed residue, known as sesame meal or cake, serves as a protein-rich animal feed. These diverse industrial uses highlight the economic significance of sesame in various 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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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
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