Sesame: Mix review and confusion in the market

Sesame Seeds Market Report:

Nigeria

Exchange rate is stable. New crop arrival is expected to start little early by 10 to 15 days. Old stock is finished almost. Since last one week there is demand from China market at lower prices but fob prices of Nigeria is not meeting with expectation of China demanded prices. So there are less trade has took place. There were forward trade has been reported and which makes market to go up little and not much. The demand has stopped little as market is already on higher side. Prices offered today are not acceptable by the buyers in china last weekend, hope to get little correction in coming days.  

TOGO/MALI/Burkina:

Prices are little upside in the local market. Today, prices in dollar are higher side but there is no demand at higher prices from china and other market.  Exchange rate is stable. Market is going to be stable in this week. Since weekend international demand has stopped little. International Buyers are looking lower prices goods in the market. 

Ethiopia: 

ECX Prices has gone up last week beginning and there were much strong sentiments but market becomes stable later. Ethiopia is offering US$1200 to 1240 for humera cargo fob but according to the market in china local market prices are higher by US$50 per mt. China buyers doesn’t want to take risk. Prices are stable today and not much movement in the market.

Sudan:

Exchange is stable. Sudan offered prices are up little. If offered prices will not be acceptable by china then market will go little down and make prices lower side. It will depends on arrival of new crop and market in china in coming days.

Somalia:

Local market is little upside due to demand from India. At very higher prices demand stops.

Bangladesh:

Local market is stable. China local market is stable for Bangladesh cargo and not much demand and due to that market get stabilize due to no demand from India as well as from china.

Tanzania/Mozambique:

Market is little up in the local market due to not much arrival of the cargo from bush. China buyers are asking for lower prices but no interest at higher prices. Demand will continue for the

Indian:

Exchange rate is stable vs. Dollar.  Local market is down little. As compare to other international prices, Indian Sesame Prices are on the higher side so there is not much demand for Natural sesame Seeds. Prices for natural Sesame is down side. For Hulled Sesame Seeds, there is demand which makes market little down and stable.

Report on China:

Local market prices are firm and sentiments are firm. At the same time International prices have gone up. China buyers are reluctant to buy at higher prices as they learnt from past years that market will go down when new arrival will starts in September from Nigeria and also full arrival starts from china local market.  Even though arrival of new crop from Nigeria will be in September 1^st week and shipment will take places in October only. Shipped cargo in October from Nigeria, will arrive china in month of December 1^st half so there is no possibilities that market will do down in china local market until then. Local market is table and little upside today.  

According to the view of the importers, the reasons for sesame market to go up and down: 

1. Local crop prices stop increasing faster and market get stable.
2. International Prices become higher than at local port prices. They think to buy locally rather than importing and take big risk of imports at higher prices.
3. Less arrival than selling reported at port so stock level is going down at the port.
4. There are some businesses reported from Nigeria new crop @1080 to 1120 per mt. which will push the prices down and not allow going up in coming future. New offers have started floating in the market from Nigeria at lower than current market prices by speculators.

Personal Views:

According to personal views Indian Prices should be stable. International prices will also move up and stable. If Nigerian shippers speculate the market and starts offering lower prices than current international prices, pushes market to get stable or to go down, if all other factors remain same.