Sesame: New arrival are going to be in market which makes market to be stable

Sesame Seeds Market Report:

Nigeria:

Exchange rate is stable. Market is up. FOB Prices are higher side. Buyers’s countries are waiting for the other origins to come in the market to book their order at better prices. Arrival are slowly slowly increasing in the market. Yet the moisture level is higher side than normal. Day by day arrival will starts more and more. After arrival of more cargo market can go down unless it can not go down. If there will be demand during that time than market can be stable and can move up. Market go up and down it will also be depends on number of players as well as arrival of the cargo and demand from china market.

TOGO/MALI/Burkina:

Prices are stable in the local market. Exchange rate is also stable. New crop arrival will starts in November mid-December. There is good crop expected this year. There is less quantity old stock available in the local market.

Ethiopia: 

ECX Prices are more or less stable. There is small demand from china market as prices are higher side. New crop is expected to be good in coming days as there is good rain in growing area. Planting area has also increased. There are enough stock on the hand of exporters up to new season starts. People are expecting that before new crop arrival local market will go higher. Old crop stock is expected to have about 50000mt. Major stocks are in the hand of Traders and also Exporters so prices are not going down.

Sudan:

Exchange rate is down. The prices are stable and up. There is news that USA will lift the sanction on SUDAN and final decision will be on 12th October. If this sanction will be lifted on north Sudan then will play a major role in international market.  Local exchange rate will be down and due to that all major exportable commodities will be higher than expected. This year market will depends on the local market reaction on removal of Sanction. There is good rain and good sowing but there is lesser crop then last year. New arrival of Red sesame Started and also Non Gadaref Quality has also started. There is little high moisture but it will be ok by 10th October 2017.

Somalia:

Local market is stable as there is not much stock available. There is only 6000mt. cargo has left in the market. People are expected that there will be good crop in February crop. Market is stable and not much movement in the market.

Tanzania/Mozambique:

There is not much stock left at the origin. China buyers and other buyers willing to buy New crop from West Africa. This year over all quality and quantity was not good from Tanzania and Mozambique. Not much offering from Tanzanian & Mozambique. Market is stable and few people have stock on their hand. Who has stock are only exporters and they have already orders on their hand.

Uganda:

New crop Prices are up. Exchange rate is stable. There are big difficulties to transport goods from bush areas to capital of city and further to the port for exports. The cargo is exported from Mombasa port Kenya. Major market is china. At higher prices there is not much demand.

Bangladesh:

Local market is stable. There is some demand for crushing in the local market as well as from China market. There is new crop arrived in the market but due to crushing quality demand in local. Market is stable and not going down. Market will move according to Oil market moves in China and also local market.

Indian:

Exchange rate is good and favorable for exports. Dollar get stronger and local currency get weaker, gives benefit to exporter.  Local market is down due to no demand from international market. New crop started arriving to the market which makes people to sale their old stock who has stock on their hand and cover the new cargo by selling old cargo. They replace with the new cargo. As dollar prices of Indian sesame is lower which makes dollars prices to go down in international market. There is only demand for hulled sesame is more. There is less demand for Natural sesame Seeds.

Report on China:

Local market prices are stable. Over all China import Sesame market is stable. Quantity becomes less at port stock.

Following reasons for sesame market to go up and down:

1. Port arrival are less at major ports of China.
2. New year Festival going to start which will lower the demand in the market.
3. Alll are in Festival and holiday mood.
4. No sudden demand is expected for the next coming one week.
5. More arrival starts in month of December & January
6. Local crop arrivals can affect the market prices  ups and down.
7. There are not big arrivals at port in next three month to china’s main ports.
8. Less business took place and more offers for new crop at stable prices 

Personal Views:

According to personal views Indian Prices should be stable and little up for next couple of weeks. Nigerian prices should be stable and little up as per demand from china and other market. Next 15 days, more presser will come to the market at Nigeria will leads market to keep stable and to go down. Market will be from US$1020 to 1120 for Nigeria cargo.