Sesame prices soared in the initial and subsequent quarters of 2023 due to limited supplies resulting from unfavorable weather conditions, notably erratic and untimely rainfall. These conditions disturbed the usual Sesame crop cycle, leading to a shortage of the product and consequent price hikes. Procurement challenges were prevalent in the market, contributing to consistently high Sesame prices, significantly 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 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 boast multiple industrial uses. They provide top-notch oil, essential for creating cooking oils, margarine, and cosmetics. Thanks to its stability and resistance to spoilage, sesame oil holds great value for lubricants, pharmaceuticals, and even serves as a potential biofuel. Furthermore, the leftover sesame seed residue, termed as sesame meal or cake, offers a protein-packed animal feed. These varied industrial applications underline sesame’s vital economic role across different 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.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
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.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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