Sesame Seeds Market Report:

Nigeria Market Information:

Exchange rate is more or less stable. Over all local market is up due to demand for exports . Local market prices have moved up. There is good demand from china market will move upwards for this week. They are offering 20 to 30 US$ higher than then offered last weekend.. Less stock in the local market may make more gaps between demand and supply in local market and make further upward prices in the market if the demand continues. We think that market will be stable and will go up by another 40 to 50 US$ in next couple of days.

TOGO/MALI/Burkina Market Information: 

Local market is up by 30 US$. There is movement in the prices in the local market. Due to less stock and continuous rain, people are not prefer to offer much quantity and which makes buyers to ask available material at higher prices. Exchange rate is stable. There will be demand in coming days from china than market will go higher by another 10 to 20 US$ depends on the demand from China. Mali market is stable not much movement. Stock in Mali is very less. There are almost no offers from Mali and Senegal as all old stock is over almost.  

Ethiopia Market Information: 

There was demand from china but market and due to that market has gone up little and it will further goes up in coming days. ECX prices online market has also gone up due to demand from local traders and demand from exporters. If the demand continues the market will go further upward. Chines importers are asking for 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. The market prices has gone up by 30US$ and it will go up more in next coming days.

Sudan Market information:

Exchange is stable. Local market prices are up due to demand from china market. There is not much movement in the local market. Market has gone higher due to demand from china and other countries.

 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:

New crop has arrived in the market. Total production is about 80000 mt. to 100000 mt  (All varities like Double husk Red colour 30000mt. , Double Husk Brown 20000 colour, Double Husk Black Colour 35000 mt and Small white tiny seeds about 2500mt. ) There is movement in local market, as arrival is there market has gone up little not much even though there is demand from china market since last few days. The New crop of White tiny seeds in Bangladesh is going to arrive in next August- September. Prices are up in the local market as well as offers in US$ is little higher. If demand will be there from china and local border trade from India for oil crushing buyers than market will be stable and will go up.

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.  Since last weekend there is no offers from the market to the demand of China. Because of no offers (no supply) china people are asking more and more for the goods and think that there is something wrong to the supply of Tanzania sesame seeds due to some problem of expected arrival. There is demand from china for 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 has made prices to go up, prices will move up another 40 to 50 US$ in next coming 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.  All major markets are closed. 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. There is sudden demand continues from china local market. Stock at port has comes down a lot and inventory at port is very low below 100,000 which makes people to buy and expecting that prices will moves up in the local market. There will not be any supply for next two three months to the market as new crop will starts from Nigeria i.e. in September end and October beginning.

Rain has affected a lot in china, which makes local people to buy more cargo and local prices are up now.

1. People are expecting that prices should go up.
2. Local demand is higher since last two days.
3. Port Stock (inventory) has reduced substantial in last 20 days.
4. Domestic Sesame Prices are up due to heavy rains and new sowing has affected.
5. There will be a private tender of Korean government.

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 $30 to 40 per mt. International prices will moves up by US$ 40 to 50 from this level.

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