Sesame Seeds Market Report:

Nigeria Market Information:

Exchange rate is stable. Over all local market was stable. Market is higher due to demand . Now exporter are quoting higher prices due to demand from china and at the same time chines doesn’t want to buy at higher prices due to local market in china is stable since last two days. There is less stock available in local market in Nigeria. Demand has decreased today from china and due to that market will be stable for next one or two days. Last week due to demand from china, market in Nigeria has gone up little last week. Today market is stable.

TOGO/MALI/Burkina Market Information: 

There was changes in the prices last week but from last week . There is no demand, china market is stable today. Exchange rate is stable. Local market is stable. There is not big stock in the local market. 

Ethiopia Market Information: 

There was demand from china but market is stable today. The price offered today is stable due to china stop asking for new requirements and offers. As expected that demand from china is not continued today and due to that market is stable, If demand would have been continued today then market would have gone up today. Market is stable in the local market.

Sudan Market information:

Exchange is stable. Local market prices are stable.  local prices are stable in market. Market is stop going moving up due to demand stops from china.

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 last week week, which makes market stable locally. Prices are expected to be stable for this week.

Tanzania/Mozambique:

There was demand from China for Tanzania and Mozambique cargo due to that prices has gone up in the local market . Today first day of the week demand has stopped somehow from china. Market is stable today for Tanzania and Mozambique cargo at respective origins. Traders who had stock they had sold some cargo at demand prices i.e. $950 to $1000 FOB.

Indian Sesame Seeds:

Exchange rate is also stable vs. Dollar. Market is closed today and no arrivals reported today. There is heavy rain all over Gujarat where summer crop is been grown and trade. All market all over India is closed due to GST implementation and lack of information and proper implementation. The existing rate has been changed as it was in previous system.  GST is good for the country as a whole but there is some deficiencies which has to overcome and the proper information has to be given to the traders, stockiest and exporter. Exporters are not going to be affected. Market is stable today, as prices are high last week there was not much. Last year crop i.e. winter crop of 2016 is available at lower prices than summer crop. 

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

According to the port report of china, new VAT rate has been effective from 1^st July 2017 i.e. 11% leads supply at lower prices from the port. The Heavy Rain Continues in the South China. Will it affect the Sesame Planting? The above disaster-affected areas are mostly the important producing districts of the Sesame. Now it is just the planting time for China sesame. However, the continuously heavy rain has a great destructive power, resulting in many times of sesame re-seeding in some areas of south china, which will delay the seeding time and have effects on the time to come into the market. Especially when the sesame becomes mature, the continuous heavy rain must affect the production and quality of the sesame. The oil content will be lower. So the weather is very important to the sesame production area in China. It will depends on weather forecast in coming days.

Over all the price of the all agriculture commodity is lower. The farmers do not get attractive returns on sesame planting. According to statistics and information over all planting and production is down for all agriculture products in China during 2017.

1. People are expecting that prices should be stable.
2. Local demand is stable today.
3. Due to reduction in VAT by 2% market has stop raising today.
4. Sellers don’t want to sale cargo at lower prices and there is now justifiable stock at the port which will makes market stable.
5. Domestic Sesame Prices are stable. 

According to personal views Prices will be stable this week and can take a move according to the arrival of sesame from Tanzania and Mozambique next week. It can move up and down by $40 to $50 per mt from present level.

Today’s India market was closed so market is stable.