Sesame Seeds (Market Information)
June 1, 2017 at 7:51 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Market is down due to not much demand. Exchange rate is stable. No much difference in prices due to exchange rate. No much demand from china and other countries. Rain has started in some of the part of Nigeria where sesame is been grown.
TOGO/MALI/Burkina Market Information:
Market is down due to no demand. Exchange rate is also down vs. dollar. Not much business & movement at TOGO/Mali. Available quantity is very less as now season is completed. Rain has started.
Ethiopia Market Information:
The prices are going down in local market and on ECX market. China market is going down and down due no demand from china.
Ethiopian exporters are giving lower prices for the non-China demand. Prices are stable. Not much movement in the prices due to lack of demand.
Generally the sales decreased compared with that in the last week and mostly are the HUMERA white sesame. There is more than 225,000mt. stock at Ethiopia.
Sudan Market information:
Market prices are down as there is not much demand. There is demand for only Red/Brown Sesame seeds for de-hulling purpose at a lower level.
Somalia Market information:
Market prices are down due to less demand. Due to Muslim festival started of RAMADAN due to that less demand as well as less movement of work in gulf countries. Sot here is not much demand from there.
Bangladesh Market information:
Market is down. Due to Muslim festival started of RAMADAN due to that less demand as well as less movement of work in gulf countries. Sot here is not much demand from there.
Indian Sesame Seeds:
Market is stable and little down and exchange rate is stable vs. Dollar. New Crop has started in full swing and market having presser and due to that market is week and down.There is not much movement in the market for old crop i.e. It is mainly used for the purpose of De-Hulling Sesame Production as raw material. Overall market sentiments are week. Prices are down by 15 to 20 US$ per mt.
Rain has started in southern part of India beginning of the week. It is expected that there will be good rain this year as per the weather forecast. At the moment major exports from India is Hulled Sesame Seeds. Less demand from Gulf countries due to RAMDAN festival has started.
Tanzania/Mozambique:
Tanzanian shipper and Mozambique shippers are offering lower prices since last week. Tanzania and Mozambique prices are down due to non-demand at higher prices from china. The crop mainly goes to China.
Prices are down due to market has gone down internationally and no much expectation by traders, stockiest and farmers that prices will go higher for next couple of weeks.
Report on China Demand (A Biggest Buyer of the World for Sesame) :
- Yet there is more than 170,000 mt. cargo at the port.
- Last 10 days prices have reduced about 100 to 125 dollars per mt. in China local market.
- People who have stock are selling at lower level want to cut off the position of stock.
- New arrival of the cargo to china from Tanzania and Mozambique will be in July and August 1st week so again there will be huge stock at the port of china and due to that there will not be price hike up to next couple of months.
- 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. It will be down by another US$50 dollar from this level and then market will be stable.
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