H.L. Agro Products, the noted manufacturer & exporter of sesame seeds & corn derivatives today unleashes an analytical review of Indian sesame seeds that covers its local & global market dynamics, industry trends, market size, value/supply chain analysis, industry competition, & forecastsfor the year 2018. The report based on the latest data & factual abstracts provides in-depth analysis of the global sesame market. Year 2017 witnessed a volatile trend of the Indian sesame market following the persistent price vulnerability, deficient yield, enhanced import duties, and mounting international demands primitively for the organic & hulled varieties.
The unprecedented rise in the sesame prices is one of the major reasons for the market turmoil. The price rise can be chiefly attributed to the increased rate of import duty on the oil seeds & edible oils category. The upsurge in the import duty is in pursuance of the government’s policy to give a boost to the domestic oil seeds consumption. It has apparently triggered the demand for oil seeds in the domestic market & withered the global supply of sesame seeds. The sesame crop this year is not promising enough to cater to the domestic & global demands. The new crop of Indian sesame seeds is still arriving in the market. For the FY 2017-18, the crop yield is projected at 455 Million Metric Tonnes against the production of 525 Million Metric Tonnes last year. The poor production is in consequence of the detrimental climatic conditions in the sesame producing regions of India.
With a total yield of approx. 4,18,164 MT in 2017, the Indian crop of sesame seeds witnessed a downturn of 14.7 % as against the last year. Around 45% of the total sesame produce from India was accorded to exports amidst 110 countries in the year. Europe, Vietnam, Korea, Taiwan & USA emanated as the key export destinations for India in terms of the volume of trade. Followed by a notable business realization from the markets of Iran & Russia.
The mounting global demand for sesame seeds as a health supporting natural food has lately increased the oilseeds exports. However, market growth for sesame seeds is continually subdued owing to its low yields, oscillating prices and high dependence on climatic conditions. According to the Indian Oilseeds and Produce Export Promotion Council of India (IOPEPC) , Sesame seeds exports from India stood at 1,00,950 tons in 2016-17 as against 1,20,949 tons in 2015-16.Also value wise exports declined to Rs.827.51 crores from Rs. 1022.15 crores.
Market Forecasts 2018:
About HL Agro:
HL Agro Products Pvt. Ltd is the flagbearer of six decades old HL Group of companies headquartered in Kanpur, India. HL Agro Products Pvt. Ltd. is HACCP & ISO22000:2005 certified industrial entity and the leading exporter of sesame seeds, corn starch, liquid glucose & other corn derivatives in India.
The processing units at HL Agro are fully automated and well equipped with state of the art technology, imported machinery making it truly the 21st century in its accomplishment. Built on the norms of Good Manufacturing Practices & HACCP guidelines, the plants are capable of processing 22000 MT sesame seeds annually & grinding 300 MT corn daily. HL Agro's sesame seeds processing unit is an SGS certified entity listed with Agricultural and Processed Food Products Export Development Authority (APEDA), India Organic, USFDA, Kosher, Halal & USDA Organic and Export Promotion Council. HL Agro now endeavours to burgeon globally by elevating its product portfolio with an array of whole and ground spices, chick peas, peanuts, malto-dextrin, dextrose monohydrate, high-maltose corn syrup amongst others.
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