Sesame Seeds Market Report:

Nigeria Market Information:

Exchange rate is more or less stable. Over all local market is up little. Local market prices have moved up little due to demand from exporters. Due to demand from china market has gone up since last two days. They are offering 20 to 30 US$ higher than then earlier offer. Less stock in the local market may make further upward prices in the market if the demand continues. We think that market will be stable and will go up by another 10 to 20 US$ in next couple of days.

TOGO/MALI/Burkina Market Information: 

Local market is up by 20 to 30 US$. There is movement in the prices in the local marke.t Due to less stock and continuous rain, people are not prefer to offer much quantity. Exchange rate is stable. There is no big stock in the local market. There will be demand in coming days from china than market will go higher by another 10 to 20 US$ depends on the demand from China. Mali market is stable not much movement. Stock in Mali is very less.

Ethiopia Market Information: 

There was demand from china but market was stable beginning of this week but now effect of the demand has shown yesterday and today in the local market of Ethiopia and ECEX exchange. If the demand continues the market will go further upward. Chines importers are inquiring about the prices, which is for sure that there is major movement in china and market can be up more in coming days. If the demand will continues from china and other countries than market will go higher. From October 26 to June 28, 2017, it traded about 225,161.4 tons of new season 2015/2016 sesame in total. On June 28, 2016, it traded about 935 tons of sesame in total, averaging 1,075.01 USD/MT. In which WOLLGA 335 tons, at the price of FOB 1,063.64 USD/MT, HUMERA 600 tons, at the price of FOB 1,082.31USD/MT.

Sudan Market information:

Exchange is stable. Local market prices are stable.  There is not much movement in the local market. Market is stop going higher due to demand stops from china.

Somalia Market information:

Market is stable and not much movements in the market. The Somalia Sesame seeds are used for De-hulling Sesame so the demand is stable and not much movement.

Bangladesh Market information:

Stable sentiment witnessed in last two days in the local market of Bangladesh for Oil seeds including sesame seeds. The New crop in Bangladesh is going to arrive in next August- September. Prices are stable in the local market as well as offers in US$ is stable.

Tanzania/Mozambique:

There is demand from China for Tanzania and Mozambique cargo, as it is new crop and available at the same prices compare to old stock of other origin.  Due to prices has gone up in local market china, there is demand from china from Tanzania and Mozambique Crop. Shipment has already started for china from both the countries. Due to demand from china sentiments are strong and good quantity has been contracted last week and this week beginning. This will hold prices stable or may go little up in next couple of days.

Indian Sesame Seeds:

Exchange rate is little higher vs. Dollar. Market is closed today and no arrivals reported today. All market all over Gujarat and growing area of Sesame Seeds are closed against GST implementation.  All exports shipments are at halt due to not proper information as well as The Port computer system is not yet updated with the new tax structure. Due to this GST, the situation arises that there will not be any activities at ports for imports as well as exports.

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

Report on China:

In the view of the seeding time, it has the spring sesame and the summer sesame in China. The spring sesame is maily in Hunan, Jiangxi, Guangxi and Northeastern part of China, and the summer sesame is in Henan, Anhui, Hubei and Shanxi. Generally, the seeding time of the spring sesame is from the middle of May to the beginning of June and the summer sesame at the middle of June.

Since the flood season coming in the southern part of China, there is 19 times of the heavy rain attacking our 19 different provinces and Xinjiang. Now it is just the seeding time for the sesame. The heavy rain will be bad for the seeding. Since the beginning of seeding this year, it rains continuously in Hubei and Hunan. It has affected on the seeding. It will delay the seeding time of the spring sesame. If later there is the continuous heavy rain, it must affect on the quality of the sesame.

According to the forecast, before July 6, the rain will continue. And there will be heavy rain in the southern part of Jiangxi, Guizhou, Hunan and Jiangxi. Besides, from June 29 to July 2, it will have the heavy rain in the central and eastern part. The rain direction will be clearly shown as northeast-southwest. There will be the strong rain in Hubei, Anhui and Henan. In the eastern part of Gunizhou, northwestern part of Hunan and eastern part of Hubei will have the heavy rain. The rain covers a big scope.

The above disaster-affected areas are mostly the important part of the sesame. Now it is just the seeding time for China sesame. The continuously heavy rain has a great destructive power. It has made the people in some areas re-seedling for many times. It will delay the seeding time and affect on the time to the market. Especially when the sesame becomes mature, the continuous heavy rain must affect on 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. I will pay more attention on the weather there.

According to what we know, since 2017, the price of the agricultural products is lower generally. The price of the domestic sesame is about 1RMB/KG. Compared with the price reduction of peanut, the sesame price is stable relatively. The farmers are more willing to plant the sesame, but not the peanut. The sesame plantation this year is mostly the same as that in the last year.And it is increased in some areas.

Because the peanut benefit is reduced sharply and the price of sesame is stable relatively, leading the sesame plantation area is increased a little compared with that in the last year. Under the premise that we don’t consider of the weather, I estimated that the production of the sesame this year will be increased. Later we should pay more attention on the weather in the main production area of sesame. For the detailed production quantity, we will know it after the harvest. (Source:  China reporter of agriculture)

1. People are expecting that prices should be stable or go up.
2. Local demand is higher since last two days.
3. Domestic Sesame Prices are up due to heavy rains and new sowing has affected.
4. There will be a private tender of Korean govt. for 12000Mt.

 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 per mt.

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