Sesame Seeds (Market Information)
April 18, 2017 at 7:36 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Nigeria currency becomes stronger than last week by 3% to 4% due to that Dollars price reduce by 3% to 4% as well as local market price in Local currency has also up little according to exchange movement.
There are some business took place at US$1090 to 1100 per Mt. CNF China. Local market is stable. International prices are also stable.
People are expecting the prices should be stable and it can go down further little. There is demand at lower prices from china. Summer has started and due to that consumption of sesame in the local market will also goes down. The demand will shrink but the traders and oil companies in china they will continue to imports. There are about 150,000 mt. and more stock at china ports lying and importers and traders has putted those stocks in the bonded warehouse and waiting for the right prices to sale.
TOGO/MALI/Burkina Market Information:
Market is stable overall. Not much movement at TOGO/Mali.
Ethiopia Market Information:
There is no demand from china for Ethiopian cargo at this level. The market has come down as per Commodity exchange. China is not buying at higher prices. Local stock levels at china port have increased and due to that not much demand from china leads to prices lower in the China market. Market at origin i.e. Ethiopia in dollars offering is stable at the moment.
Sudan Market information:
Market has come down due to no demand. Prices have come down and now stable.
Somalia Market information:
Market is stable over all.
Bangladesh Market information:
Market is has come down due to no demand of local consumption for oil as well as not much demand from china and neighboring countries. Prices are down little.
Indian Sesame Seeds:
Market is stable at the moment. New summer crop is arriving to the market and the estimated crop production will be about 25000 mt. which is little more than last year. If there will be not much demand which will leads to sustain prices in India. Prices will go further down if the demand will not be there for Indian cargo. Since last 3 to 4 years imports of sesame to India is increasing day by day. Last year 2016-17 import of Sesame seeds in India as increased from 25000 to 45000 mt. which shows that Indian will be importing countries in coming days. India mainly imports sesame to process further and re-exports to other countries by value addition.
Tanzania/Mozambique:
New crop estimation has comes to the market. There is good rain in the growing areas. There will be good crop this year as per the estimation of some of the traders and exporters. There was a conference for sesame seeds in china during 9th to 12th April and in that conference people have started offering at 1100 to 1200 dollars range for the Tanzanian and Mozambique sesame seeds.
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