Sesame Seeds (Market Information)
July 24, 2017 at 10:36 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Exchange rate is stable. Market is down after china stop buying. Today, prices offered in the local market lower than previously offered. Market is down. Market will go down further for another $20 to US$ 30 per mt. in this week. There is good sowing for the new crop 2017 in Nigeria.
TOGO/MALI/Burkina Market Information:
The price in the local market is down. Today offered prices are down by $20 to $30 per mt. Exchange rate is stable. Yet congestion at the port of LOME, TOGO has not completed. All exports have 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 but due to non-demand, market could not able to go up. As local people have expectation that price will go higher and they are not selling their stocks and holding it. Market has to go down as there is not much demand from all over.
Sudan Market information:
Exchange is stable. Local market prices are down little 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 and market is down.
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 higher prices no business or trader took place at higher prices. Market is down by $20 to $30 per mt. Even though there is damages in the current crop market get stable due to no demand from China market
Indian Sesame Seeds:
Exchange rate is stable vs. Dollar. Local market is stable and little up. Market is up due to mainly major mandis in Growing area is closed due to Heavy Rain since last three days. At present there is not much demand from all over the world for Indian Sesame and due to that prices are stable over all. Market has to be pushed about US$40 to US$50 per mt. then only demand will comes and prices will be competitive in the International Market.
Report on China:
Huge Arrival is there at China port from Tanzania and Mozambique Cargo, pulls down the local market prices. Local market sentiment is down and due to that local prices are not good enough to get imports more and due to that demand have not been continued.
Following reasons makes markets to stable.
- Huge Arrival has started at port of Tanzania & Mozambique Origin
- International prices of different origins are not competitive to make profit by importing so chines buyers are not importing
- China buyers have stops asking for the quotes and higher prices they are refusing to buy.
- Domestic Sesame Prices are stable and little down due to favorable weather for China new crop.
Personal Views:
According to personal views Prices will be down for another one week or it will be stable at this prices level. 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 will be stable and little down.
International prices will be stable and will go little down in this week.
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