Sesame Seeds: Market get stable and not much movement
September 15, 2017 at 7:24 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria:
Exchange rate is stable. Market is stable. New crop started arriving to the market. Arrival will be in full fledge after 20 days. Moisture level is very high in new arrivals and due to that local traders are reluctant to buy new crop. Prices should go down but it will depend on arrival of the sesame seeds in the local market. There is demand at this level from china as china local market and due to that if demand continues than prices may go high.
TOGO/MALI/Burkina:
Prices are stable in the local market. Exchange rate is also stable. New crop arrival will starts in November mid-December. There is good expectation of crop in coming days. There is less quantity old stock available in the local market.
Ethiopia:
ECX Prices are higher than exports price. The situation is due to demand non china market exporters get better exchange rate than normal trade to China. As china and Ethiopia has special agreement to settle their proceeds with the bilateral trade agreements. Market is stable and not much movement in the local prices. There are enough stock on the hand of exporters.
Sudan:
Exchange rate is stable. The prices are stable. There are enough stock available in the local market. Expected stock level is about 70000 mt. in the local market. New crop sowing is good and there is expected to have lesser crop this year than last year.
Somalia:
Local market is stable as there is not much stock available. August- September crop is not good this year in the whole country as a whole. Another crop in the country will arrive in February 2017. Market is stable and not much movement.
Bangladesh:
Local market is stable. But local market is not that much down as per the international prices. So market is stable.
Tanzania/Mozambique:
Now, Tanzania and Mozambique has not much stock on their hand. No much business took place as China local market prices are stable. Not much offering from origins. Market is stable and few people have stock on their hand.
Uganda:
New small crop arrival has started in September, which is about 10,000mt. Prices are stable. Exchange rate is stable.
Indian:
Exchange rate is stable vs. Dollar. Local market is up due to rain in some of the part of growing area. This is only with the sentiments. This time rain is good or not that will be depends on the weather after rain, If there is enough sunlight than there is no problem. As dollar prices of Indian sesame is higher than international prices, only demand for hulled sesame. There is less demand for Natural sesame Seeds.
Report on China:
Local market prices are stable and up. China market is going up mainly because of less stock available at china port. Nigeria is offering lower prices than other origin which makes market stable. The reasons for sesame market to go up and down:
- Local arrival has started and market can go up and down.
- Import prices are coming down due to lower offers from Nigeria.
- Arrival get more at port then market can go down.
- No sudden demand is expected for the next coming months.
- Up to December, there is no new arrival except local crop in China. New crop started in Nigeria but that will arrive in china in December mid, which will makes prices to go up.
- People sentiment change to bullish and market prices can go up.
Personal Views:
According to personal views Indian Prices should be stable and little up for next couple of weeks. Nigerian prices should be stable and little up as per demand from china and other market. More presser will come to the market will leads market to keep stable and to go down. Market will be from US$1000 to 1150 in between for Nigeria cargo
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