Sesame Seeds: New crop arrival for Year 2017-18

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 when there will be presser in the market and then market can lower down. At present the moisture level has little reduced but yet there is high moisture in comparison to the normal cargo. Prices should go down but it get stabilize due to demand from china at this level. There is demand at this level from china as china local market prices are stable and firm as there are less quantity stock available at the port.

TOGO/MALI/Burkina:

Prices are stable in the local market. Exchange rate is also stable. New crop arrival will starts in November mid. The crop plantation area is bigger than last year. There is good rain and expected good crop this year. There are less quantity stock available in the local market. Market will move ups and down according the market situation in Nigeria.

Ethiopia: 

ECX Prices are higher than exports price. This situation is only due to demand at higher level stops and not much demand at higher level. Market is stable and not much movement in the local prices. There are enough stock on the hand of exporters. The Korean tender result has not affected much to the local market prices.

Sudan:

Exchange rate is stable. The prices are stable. There are enough stock available in the local market but they are not offering much cargo at present. There was meeting on US sanction on Sudan. So they are waiting for the result to come and they will start offering. Expected stock level is about 75000 mt. in the local market. New crop sowing is good and there is expected to have lesser stock than last year due to heavy rain and re sowing in some of the area of Sudan.

Somalia:

Local market is stable as there is not much stock available. The new season which has come in August September and not get good crop harvested and not have good season this year for the country as a whole. 2^nd crop will arrive during February 2017.

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 crop left in the market. No much business took place as China local market prices are stable. Not much offering from origins.

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

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 and little up. 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 than market can do down.
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 mid, which will makes prices to go up.
6. People sentiment change to bullish

(NOTE: The Details report will be update on China prospect in day or two.)

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 1100 in between.