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Sesame Seeds: Korea Tender make Havok

September 4, 2017 at 5:54 PM , Rainbow Exports
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Sesame Seeds: Once again Indian Market is high due to Korea Tender News

Sesame Seeds Market Report:

Nigeria

Exchange rate is stable. Market is stable. New crop started slowly. There is high moisture cargo arriving in the local market. Prices are expected to go down.

TOGO/MALI/Burkina:

Prices are stable in the local market. Exchange rate is also stable. Yet there are three months to go for the new crop. China is not buying at higher prices.

Ethiopia: 

ECX Prices are stable. There is news of Korean tender so market in Ethiopia has stop going down and stable. No demand from china at higher level. Today Ethiopia Humera cargo is offered at stable prices but there are no buyers at this level.  People are waiting for price to go down and waiting for the result of Korean Tender allotment.

Sudan:

Exchange rate is stable. The prices get stable today and offering same as before two days. Stock level is reduced a lot in the local market.

Somalia:

Local market is stable. New small crop will arrive in the month of September-October. There is news that there is lesser crop for the small season, which makes market to get stable and not going down.

Bangladesh:

Local market is stable. Demand comes at lower prices and not higher prices as use of Bangladesh sesame is only for Oil making.

Tanzania/Mozambique:

End of the Season prices are offered same as two days back. Not much business took place as China local market prices are going down. Prices in in the local market of Tanzania and Mozambique are stable.

Indian:

Exchange rate is stable vs. Dollar.  Local market is Up due to Korean tender News. This news made peoples sentiments higher and leads to market to go up by 100$ per mt. There is not much demand from other countries.

Report on China:

Local market prices are stable & little down.  The reasons for sesame market to go up and down:

  1. Local arrival has started and expected to have good crop then last year.
  2. International Prices are coming down due to lower offers from Nigeria
  3. New Arrival can decided market to go up or down

Personal Views:

According to personal views Indian Prices should be stable and little up for next couple of days and it depends on the Korean tender prices and will move the market accordingly. Market will move up and then will comes down 

For African sesame, market will moves up and downs on the offers which will starts in mid of September from West Africa. Market will moves up little in Africa and get stabilize. 

                                                                 

 

 

Attached Files

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Sesame Weekly Prices 04.09.2017

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