Sesame Seeds Market Report:

Nigeria Market Information:

Market is down due to not much demand.

 Exchange rate was down about 7 to 8% and than again gain up to 3 to 4%. Over all exchange rate is down but due to No demand, prices has also going down in local market so over all dollar prices there is not much difference.

No much demand from china and other countries.

Sowing has started in part of Bauchi area and also In Taraba Area of Nigeria. New Crop and season will starts from September Mid.

It was been come to know that there are people who are holding up the material in huge Quantity at higher prices and they do not want to sale at lower prices in Local currencies. So traders are making losses due to Exchange rates has comes down from 520 to 375 Naira per Dollar.

TOGO/MALI/Burkina Market Information: 

Market is down due to no demand.

Exchange rate is stable.

Not much business & movement at TOGO/Mali.

Available quantity is very less as now season is completed.

Rain has started, sowing will starts early by 15 days as rain has started 15 days early.

Ethiopia Market Information: 

No demand from china and also high level stock at China ports, leads to prices down at orign as specially in Ethiopia. As Ethiopia central bank want to have more exports to china.

The prices are going down in local market and on ECX market.

Ethiopian exporters are giving lower prices for the non-China demand. Prices are down. Not much movement in the prices due to lack of demand.

Sales has gone down for the Humera Sesame Seeds as other countries sesame is been offered better rates than Ethiopia.

There is huge stock at Ethiopia which is going to be sale up to next 5 month. Which is more than enough for the 5 months exports by seeing the last 2 to 3 years exports data.

Sudan Market information:

Sudan has also facing exchange problems and due to that market will depends on the exchange rate with the bank and open market.

Market prices are down, there is not much demand from India as well as from other countries.

Somalia Market information:

Ramadan is going on and due to that all Muslim community make fast for 30days and in these day they are not much active in the business and work.

Due to that market is down and there is not much demand from the overseas.

Bangladesh Market information:

Market has gone down due to Festival of Muslim also less demand for the brown sesame seeds from china.

Indian Sesame Seeds:

Market is stable and exchange rate is also stable vs. Dollar.

Summer crop has made impact and not allowed market to go up.

There is a news for the Korean tender and This tender will be up to new crop arrives. So there will be steady market or little down market in India. As the stockiest and traders are very strong in financial parts as well as Bank are liberal to finance on the crop makes easy for the traders and stockiest to speculate or to store the material and wait for the price goes up.

There is not much movement in the market for old crop. Old crop prices are down and down and it is now buyers’ market and they are pushing the prices down.

Overall market sentiments are week.

There are some places in growing area of Sesame seeds and rain has started but still there is very hot weather at the moment in the growing area of sesame seeds.

At the moment major exports from India is Hulled Sesame Seeds.

Tanzania/Mozambique:

Due to not much demand at this price level from Tanzanian and Mozambique origin sesame seeds, prices are pushed to go down at origin.

China is the major buyer for the Tanzania and Mozambique Sesame Seeds.

Over all world market going down and due to that market prices in Tanzania and Mozambique is going down.

Report on China Demand (A Biggest Buyer of the World for Sesame) : 

1. Yet there is more than 150,000mt. cargo at the port.
2. Last 10 days prices have reduced further to US$ 50 per mt. in China local market.
3. People who have stock are selling at lower level and want to secure their capital.
4. Mozambique and Tanzania Crop will start arriving in China by July first week so again there will be presser in the market. New demand from china will starts before their Festival in September October. So there will be local demand in the month July end and August and not before that.
5. There are seller’s pressers in the market due to higher stock at the ports, which force them to sell the goods at a lower price. High Selling presser must lead the price of sesame to be reduced further.

According to personal views Prices will be stable and it can go down furthers. It will be down by another US$40 to 50 dollar from this level and then market will be stable.