Sesame Seeds (Market Information)
May 22, 2017 at 7:13 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Market is down. Exchange rate is stable. No much demand from china and other countries. As china want to import from Mozambique and Tanzania new crop and at lower prices so there is not much business taking place.
There is more demand for the value addition from Nigeria Market. The new Hulling factory will be coming in the next coming years and Hulled Sesame Seeds will be available in coming days from Nigeria Market.
Till date total production of the Hulled Sesame Seeds in Nigeria is about 25000mt. to 30000mt. That will go higher up to 50000 to 60000mt. in next coming two years.
TOGO/MALI/Burkina Market Information:
Market is stable. Not much business & movement at TOGO/Mali. Available quantity is very less as now season is completed.
Ethiopia Market Information:
The prices are going down in local market and on ECX market. China market is going down and down due to that there is no demand from china. Ethiopian exporters are giving lower prices for the non-China demand. Prices are stable. The offer of ECX trends to be reduced. Generally the sales is decreased compared with that in the last week and mostly are the HUMERA white sesame.
Sudan Market information:
Market prices are stable as there is not much demand. India is importing brown sesame from Sudan to India for further process and they do re-exports to USA and Canada, etc.
Somalia Market information:
Market prices are stable.
Bangladesh Market information:
Market is stable.
Indian Sesame Seeds:
Market is stable and also exchange rate is stable vs. Dollar. New summer crop has started. Yesterday in whole Gujarat there was rain and wind. It was not heavy rain but little rain which cools down the temperature of 45. There is not much movement in the market and also due to arrival of New Summer crop prices are not going up. Market is week. Prices are stable.
Tanzania/Mozambique:
Due to market has gone down internationally last week; Tanzanian shipper and Mozambique shippers are offering lower prices last week. Tanzania and Mozambique prices are stable due to non-demand as well as demand at lower prices.
Report on China Demand (A Biggest Buyer of the World for Sesame) :
- The imported sesame prices are reduced compared with that in the last weekend.
- Stock at the port is higher and due to that market of china coming down day by day.
- New crop of Tanzania, Mozambique and India has started arriving in the local market which leads market stable and further down.
- Ethiopia is facing Foreign Exchange problem and not getting dollar from their banks and central bank like Nigeria due to that prices are coming down.
- New arrival of the cargo to china from Tanzania and Mozambique will be in July and August 1st week.
- There are two month to go mean while china has enough quantity at the ports which leads to market stable or down.
- It is still the buyer market. It is easy to get the goods and there are more options available as people who have quantity at port want to sale it.
- There are seller’s pressers in the market which force them to sell the goods at a lower price. The double pressure must lead the price of sesame to be reduced.
According to personal views Prices will be stable and it can go down furthers. Maximum movement of the prices in next coming couple of months will be 100 to 150 Dollars.
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