Sesame Seeds Market Report:

Nigeria Market Information:

Exchange rate is stable. At higher level china is not willing to buy. At higher prices demands stop. Today, prices offered in the local market is stable at previous offered. Nigerian parties got tender award for about 1500 to 2000mt. quantity. Awarded party has already stock with them in their hand due to this no demand in the local market. Due to this there is no effect in the market. Market is stable but if market will go little down than only demand comes at certain level. Market has to suppress or go down by $20 $30 per mt. in the beginning of the next week.

TOGO/MALI/Burkina Market Information: 

The price in the local market is stable. Today offered prices are stable. Exchange rate is stable. There is congestion at the port of LOME, TOGO all exports has at halt and due to that there is not much business is being traded. Almost 3000mt. of Sesame seeds are being stuck up at the port of Lome. Demand has stopped from china at higher level.

Ethiopia Market Information: 

Demand has stopped from china and other countries at higher level. Local market has gone up and today prices are about $1140 to $1200 per mt. but these prices are not acceptable to the buyers’ market i.e. China and Turkey. ECX prices (online market) have also gone up as people are thinking that China demand will continue but china buyers are not asking for the prices and no demand from china.

Sudan Market information:

Exchange is stable. Local market prices are stable as demand stop from China market.

Somalia Market information:

Local market is stable. No demand from India and other countries. This week after tender prices has gone down in India and due to that there is no demand from India.

Bangladesh Market information:

Local market is stable. There is not much movement in the market. Crop is mainly used for oil crushing. Over all oil market is stable so market is stable.

Tanzania/Mozambique:

There was demand from china but due to prices has gone up higher in one week it got stable and Korean tender results and prices are not favoring the market to go higher. Market will be stable or should go down little by $20 to $30 per mt. Even though there is damages in the current crop market get stable due to no demand from main market i.e. China

Indian Sesame Seeds:

Exchange rate is stable vs. Dollar.  Local market is down due to Korean tender prices have been awarded at lesser prices than expected. The quality which Korean government is buying (supplied in Tender) is much lower than current level in the market. At present there is not much demand from all over the world for Indian Sesame and due to that demand prices are lower than supply prices which make supply prices to push back and to come down. So market has come down and after result of tender. Once Last week market has jumped a lot will makes people to wait for one or two day and see how is the market will move up or down. After Korean Tender announcement, prices has moved down then last week.

Korea Tender Bidding Report:

Total Bidding 14,100 MTS

P1 - 3000 mt - Bidding 6,600 mt  &   P2 - 3000 mt - Bidding 7,500 mt

Korea Tender Award Price (Result of Tender):

(Attached in this Report)

Report on China:

Arrival has started from Tanzania new crop at China ports. Due to that supply in the local market has increased and who has imported the cargo want to sale and book their profit. Local there is good rain and now weather is suitable for the good crop to be expected.

Following reasons makes markets to stable.  Since last two days enquiries for prices has stopped due to prices has gone up so much higher in last 10 days. People have waited for couple of days and seen that market is not absorbing the higher prices were in last weekend and this week beginning.

1. Arrival has started at port from Tanzania shipment will increase the stock again.
2. All origin prices has gone up at prices which is not competitive or get any profit by chines importer if they import at higher prices.
3. China buyers have stops asking for the quotes and higher prices they are refusing to buy.
4. Korean tender awarded at lower prices than expected which makes prices to stable.
5. Domestic Sesame Prices are stable due to favorable weather for China new crop.

Personal Views:

According to personal views Prices will be up stable or go little down for another two three days. It should be stabilize in next week. If there will be uncertain factors then market can go higher. The changes to go higher are less in next coming days.

Tanzania and Mozambique prices are stable. Prices will be stable for next coming week. It will react on the demand from china.

International prices are stable and will be stable by next week.