Sesame Seeds:

Sesame Seeds Market Report:

Nigeria:

Exchange rate is stable. Market is stable. New crop started slowly. There is high moisture cargo arriving in the local market. Prices are expected to go down. Current due to less arrival market get stable. Full fledge arrival will start in September mid. As per crop report Crop will be better than last year. No Demand from China at higher prices market gets stable due to demand stops.

TOGO/MALI/Burkina:

Prices are stable in the local market. Exchange rate is also stable. Yet there are three months to go for the new crop. China is not buying at higher prices. Few business took place but not at higher prices. New offer will start in October- November. Market will move ups and down according the market situation in Nigeria.

Ethiopia: 

ECX Prices are stable and little down. There is news of Korean tender so market in Ethiopia has stop going down and stable. No demand from china at higher level. Today Ethiopia Humera cargo is offered at stable prices but there are no buyers at this level.  People are waiting for price to go down. There are rumors and news that there is flood in Nile River, it may affect the new crop sowing, and how much it will effect to market sentiments, that only time will say. The Korean tender sentiments also affected market today.

Sudan:

Exchange rate is stable. The prices get stable today and offering same as before two days. Stock level is reduced a lot in the local market. There are rumors and news that there is flood in Nile River, it may affect the new crop sowing, and it has affected the sentiment but yet sowing has to be done in Sudan which will not affect the current stock level.  There is Korean tender news which will surely affect the local market for time being.

Somalia:

Local market is down due to no demand from India and other countries. New small crop will arrive in the month of September-October. Market will be stable.

Bangladesh:

Local market is stable. Demand comes at lower prices and not higher prices as use of Bangladesh sesame is only for Oil making. But local market is not that much down as per the international prices. So market is stable.

Tanzania/Mozambique:

End of the Season prices are offered same as two days back. No much business took place as China local market prices are going down. Prices in in the local market of Tanzania and Mozambique are stable. Not much cargo left in the local market with farmers. Major cargo reaches to the Shippers/Exporter and stockiest hand and they are offering to china market as per international prices. Market will go further down.

Indian:

Exchange rate is stable vs. Dollar.  Local market is down today in the morning. There is not much demand over all but today there is news of Korean Tender which will gives a hope for the further increase in the prices for next couple of weeks.  As dollar prices of Indian sesame is higher than international prices, only demand for hulled sesame. There are

Tender News:

SUMMARY NOTICE

1. Major Matters of the Invitation for Bids

2. Minimum quantity 600 mts then addition of 300 mts to maximum 900 mts per bid number
3. B-bond 5% & P-bond 15%
4. Total Quantity:11735 MT.
5. Registration by :11 Sep.
6. Bidding on: 11 Sept.

Report on China:

Local market prices are down. China market going down due to lower prices offered from Nigeria as well as more arrival at port. The reasons for sesame market to go up and down:

1. Local arrival will start in full swing then market can go down.
2. International Prices are coming down due to lower offers from Nigeria
3. Arrival get more at port then market can go down.
4. Sudden demand has come up like Korea tender which will affect the sentiments of the traders at different origin and international prices goes up.
5. 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 will makes prices to go up.

Personal Views:

According to personal views Indian Prices should be stable and little up for next couple of weeks due to Korean tender. If Nigerian shippers speculate the market and starts offering much lower prices, market will go down further below US$1000 to level soon in next couple of week. There are uncertain rains in India how much it will affect to the crop that will come to know after some time only. So all who are dealing in sesame seeds has to be close look in the movement of the market.