Sesame Seeds: Indian market Down, Africa market stable

Sesame Seeds Market Report:

Nigeria:

Exchange rate is stable. Market is stable. Not much movement in international prices. Buyers’s countries are waiting for the other origins to come in the market to book their order. There is not much arrival of crop in the market. The material will starts full fledge by 1^st week of October. During that time it is expected that due to larger quantity arrival market can go down. If there will be demand during that time than market can be stable and can move up. There are about 2000 containers business already took place from china. 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 55000mt.

Sudan:

Exchange rate is stable. The prices are stable. There is news that USA will lift the sanction on SUDAN. There is a meeting on 12^th October which will decide the trender of the market. If this sanction will be lifted on north Sudan then will play a major role in international market. 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 7000mt. 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. 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 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 already sold forward.

Uganda:

New crop 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. The cargo is exported from Mombasa port Kenya. Major buyer is China.

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.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. Port arrival are stable and stock has reduced at port
2. No sudden demand is expected for the next coming months.
3. More arrival starts in month of December & January
4. Local crop arrivals can affect the market prices
5. There will be holidays of new year, so there will not be demand for at least 10 days from now.
6. There are not big arrivals at port in next three month to china’s main ports.
7. 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 in between for Nigeria cargo