Sesame Seeds Market Report:

Nigeria Market Information:

Exchange rate is more or less stable. Market is up due to demand from china as well as Korean Tender Demand. Local market prices have moved up lot. Today, prices offered in the local market is higher by 30 to 40 US$ than on Monday. Less stock in the local market may make more boost up price and demand and move prices further upward. We think that market will be stable and will go up by another US$30 to US$40 in next couple of days.

TOGO/MALI/Burkina Market Information: 

Local market is up by 30 US$. There is lot of movement s in the prices in the local market. Due to less stock and continuous rain makes prices upward. Exchange rate is stable. Demand will continue from china for next 5 to 10 days. Mali market is also little higher Stock in Mali is very less.

Ethiopia Market Information: 

There was demand from china but market and due to that local market has gone up by 50 to 70 US$. ECX prices (online market) have gone up due to demand from local traders. If the demand continues then market will go further upward about another $40 to $50. The market prices has gone up today by $30 to $40 per mt. and it will go up more in next coming days. Ethiopia is also participating in Korean Tenders so to bid higher prices bidders will push the market up in the local by buying quantities from local market to bid at higher prices.

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 little high due to all international prices has gone up. The Somalia Sesame seeds are used for De-hulling Sesame so there is demand from Indian customers to buy cargo and reports after further processing.

Bangladesh Market information:

Demand from China and Indian bordering states like Kolkata, Assam and Orissa for the process of oil they imports from Bangladesh. Prices are up by $20 to $30 in crushing quality Black and Brown seeds.

Tanzania/Mozambique:

There was demand from china and there was news yesterday that there is new Korean tender for the sesame seeds, market becomes bullish and start rising up in all international market. New season is going on in Tanzania and Mozambique, so people prefer to buy from these two origins. Today market is up by US$40 in the local market. Prices will go up by another US$30 to 40 in next couple of day.

Indian Sesame Seeds:

Exchange rate is stable vs. Dollar.  Local market is higher due to this Korean tender news and yesterday jumped by US$60 per mt. today market is more or less stable but it will be on higher side for couple of days after the announcement of the Korean Tender award pricess then prices will move more ups and downs.

There is demand from Europe, Turkey as well as China, makes market more strong.  All local market is up.

Report on China:

Local stock reduced by another 20000mt. There is less arrival of the cargo at port from all origin. Following reasons makes markets to move upward.

1. Local factory have more demand from port Sesame
2. Due to prices has gone up all wish to buy more and more.
3. Port Stock (inventory) has reduced substantial in last few 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.
6. Due to New Korean Tender News declare make all origin prices higher as specially india and Ethiopia.
7. 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.
8. Tanzania crop is little less than last year which makes prices to go up.

Rain has affected a lot in china, which makes local people to buy more imported cargo.

According to personal views Prices will be up little for another two three days. It will be stable next week. If there will be uncertain reason then market can go higher by another US$40 to 50 per mt.

Tanzania and Mozambique prices will go up. It can move up by $30 to 40 per mt.

International prices will moves up by US$ 40 from this level in next few days.