Sesame Seeds Market Report:

Nigeria Market Information:

Exchange rate is stable. Over all local market was stable but there is demand from china for shipment to China Ports and Haiphong Port. There is less stock available in the market. There is demand and prices will go up little and market will move upward. Coming week market will be will go higher side due to demand from international market. China has started buying because there is gap between local prices in china and offered prices from African countries. Last weekend and on Monday there was a gap of 30 to 40 dollar per mt. Now there is not gap it is only because of local demand in china and local prices gone up in china.

TOGO/MALI/Burkina Market Information: 

There is movement in the international market prices due to demand from china. Exchange rate is stable. Local market is stable. There is not big stock in the local market. If demand continues from china then Local market prices will moves up according to the demand and International market prices.

Ethiopia Market Information: 

There is demand from china and due to that there is a little movement in the local market. The price offered at the movement is stable and little higher but if there will be more demand from china than market can go up. The gap of demand prices and supply prices are going to be null and that will leads that market to go higher and get strong in coming days. If the same will continue for next week then other countries will also start demanding in expectation of prices going to go higher which will gives boost up to the International prices.

Sudan Market information:

Exchange is stable. Local market prices are stable.  Market is stable not much movement in the market. Market will moves according to the demand from china and other countries.

Somalia Market information:

Market is stable and not much movements in the market.

Bangladesh Market information:

Local market is stable for all varieties of sesame seeds. There are some business took places at lower prices beginning of this week which makes market stable in the local market. If there will be further demand from china then market can go higher.

Tanzania/Mozambique:

There is demand from China for Tanzania and Mozambique cargo. Demand was at lower prices but due to local market higher at china. The prices offered from Tanzania and Mozambique’s are matching with the expectation of chines importers which will leads the market goes higher in local market in Tanzania-Mozambique and also in China.

Indian Sesame Seeds:

Exchange rate is also stable vs. Dollar. Arrivals of summer crop 2017 in some of the Market of Gujarat as follows:

(Annexed in Separate Sheet)

Arrival has reduced in the all market yard for summer crop. There was good rain all over growing area of Gujarat, Rajasthan and Uttar Pradesh and Madhya Pradesh. There will be less arrival in the market as some of the local markets are closed today for GST (Goods & Service Tax) implementation from 1^st July. Farmers , Traders and exporters doesn’t want to trade for some days as the new system of GST and how the work will be in GST system it is not yet clear. There is demand from china for summer crop which has injected market and it has stop going down and it has started upward side since last few days. Market is up today in comparison to last Monday. There are some business took places for Haiphong further going to china and also consumption in Vietnam. Due to this demand prices are stable and little higher in the local market and international market.

Last year crop i.e. winter crop of 2016 is available at lower prices than summer crop.

Report on China:

According to the port report of china, there is scarcity in local market of china for sesame seeds and there is gap has created. The gap is only due to less supply and more demand in local market.

China government is going to implement new rate of VAT for Sesame Imports i.e. 11% instead of 13%. Who has kept the cargo in bonded warehouse doesn’t want to sale at the moment as they have to pay 13% VAT and if they give delivery or sale after 1^st July then they have to pay 11%. This will affects demand and supply in the market. There is demand but supply is not there from port which has affected the market and make price hike and there will be more demand as since last couple of week China local buyers were not buying in aggressive manner.   

About 1500 tons of goods were sold from China Ports and 1,000 tons from Tianjin Port Monday and Tuesday.  

1. People are expecting that prices are going to go up due to less supply.
2. Delays in arrival of Tanzania and Mozambique cargo which are on the way now. It will take one or two weeks to arrive in the market.
3. There is local demand from china and supply is not much.
4. Importers have order to Tanzania and Mozambique at prices 980 to 1100 level. Which means that Importers will not sale the cargo in the local market unless get the same prices of higher price than cost price.
5. After arrival starts of Tanzania and Mozambique crop then price may go up or down depends on the demand and supply at that time.

According to personal views Prices will be go up by another $40 to $50 per mt. Demand will continue from china for next one or two weeks, which makes other countries also think to buy before prices goes higher.

There is no new crop arriving in the market from any part of the world, which will not create presser of selling and panic in the market.

Today’s steady sentiment witnessed in India market the price will go higher according to the international prices and demand from china.