Sesame Seeds : New Crop Arrival makes Market stable

Sesame Seeds Market Report:

Nigeria:

Exchange rate is stable. Market is stable. Not much movement in international prices as only one origin new crop has started. Buyers’s countries are waiting for the other origins to come in the market to book their order. Yet there is not full swing material coming for the new crop. High moisture makes traders and exports to stop buying the cargo. Prices should go down but it is not going down also as buyers are not buying and international prices are stable. There is demand but at lower prices and at higher prices there are not much demand. There are many players this year in the market this year to buy the cargo and exports from Nigeria which will makes more demand in the local market at Nigeria.

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 and there is less demand from china market as prices are higher side. There is very good sowing for the new crop and also there is good rain in the growing area. People are expecting same quantity production in year 2017-18 as like last year. There are enough stock on the hand of exporters. People are expecting that before new crop arrival local market will go higher. Old crop stock is expected to have about 55000mt.

Sudan:

Exchange rate is stable. The prices are stable. There are enough stock available in the local market. There is good rain and good sowing but there is lesser crop then last year.

Somalia:

Local market is stable as there is not much stock available. There is only 7 to 8000mt. 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.

Bangladesh:

Local market is stable. Market is stable as 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.

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 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 already sold forward.

Uganda:

New small crop arrival has started in September, which is about 10,000mt. Prices are stable and not much movements. 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.

 Indian:

Exchange rate is good and favorable for exports. Dollar.  Local market is up due to rain in some of the part of growing area. Sentiments make market to go up in India. It continues to go up since last few weeks. New 60 days crop arrival has started about 60 to 100 bags are coming in the different market yards in Gujarat State. There were rains reported at growing region. As dollar prices of Indian sesame is higher than international prices, only demand for hulled sesame is more. There is less demand for Natural sesame Seeds.

Report on China:

Local market prices are stable and little up. China market is stable and little up due to less quantity at port.

Following reasons for sesame market to go up and down:

1. Local crop arrivals can affect the market prices
2. Less business took place and more offers for new crop at stable prices
3. Port arrival are stable and stock has reduced at port
4. No sudden demand is expected for the next coming months.
5. There are not big arrivals at port in next three month to china’s main ports.
6. More arrival will starts in month of December & January

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$1000 to 1150 in between for Nigeria cargo

Sesame Seeds Market Report:

Nigeria:

Exchange rate is stable. Market is stable. Not much movement in international prices as only one origin new crop has started. Buyers’s countries are waiting for the other origins to come in the market to book their order. Yet there is not full swing material coming for the new crop. High moisture makes traders and exports to stop buying the cargo. Prices should go down but it is not going down also as buyers are not buying and international prices are stable. There is demand but at lower prices and at higher prices there are not much demand. There are many players this year in the market this year to buy the cargo and exports from Nigeria which will makes more demand in the local market at Nigeria.

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 and there is less demand from china market as prices are higher side. There is very good sowing for the new crop and also there is good rain in the growing area. People are expecting same quantity production in year 2017-18 as like last year. There are enough stock on the hand of exporters. People are expecting that before new crop arrival local market will go higher. Old crop stock is expected to have about 55000mt.

Sudan:

Exchange rate is stable. The prices are stable. There are enough stock available in the local market. There is good rain and good sowing but there is lesser crop then last year.

Somalia:

Local market is stable as there is not much stock available. There is only 7 to 8000mt. 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.

Bangladesh:

Local market is stable. Market is stable as 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.

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 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 already sold forward.

Uganda:

New small crop arrival has started in September, which is about 10,000mt. Prices are stable and not much movements. 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.

 Indian:

Exchange rate is good and favorable for exports. Dollar.  Local market is up due to rain in some of the part of growing area. Sentiments make market to go up in India. It continues to go up since last few weeks. New 60 days crop arrival has started about 60 to 100 bags are coming in the different market yards in Gujarat State. There were rains reported at growing region. As dollar prices of Indian sesame is higher than international prices, only demand for hulled sesame is more. There is less demand for Natural sesame Seeds.

Report on China:

Local market prices are stable and little up. China market is stable and little up due to less quantity at port.

Following reasons for sesame market to go up and down:

1. Local crop arrivals can affect the market prices
2. Less business took place and more offers for new crop at stable prices
3. Port arrival are stable and stock has reduced at port
4. No sudden demand is expected for the next coming months.
5. There are not big arrivals at port in next three month to china’s main ports.
6. More arrival will starts in month of December & January

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$1000 to 1150 in between for Nigeria cargo