Sesame Seeds (Market Information)
April 6, 2017 at 6:45 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Nigeria currency becomes week by 3% due to that Dollars price reduce by 3% as well as local market price in Local currency has also come down due to no demand since last one week as dollar prices was higher.
There are some business took place at US$1120 per Mt. CNF China. Local market is coming down. International prices have also come down.
Local market has gone down and will go down further. Now due to news of Korean tender awarded at lower prices in expectation of higher prices. There are other countries like Pakistan and also from Nigeria. Due to this the impact of prices in the Indian market will not be higher which is considered as price determinant of international prices of Sesame seeds.
Indian prices has drop by 60 dollars today. So other market has drop by that much or may be more depends on demand of Nigeria cargo. There is less demand from Turkey and local market of turkey also has come down due to that prices in the local market due to no demand has come down.
TOGO/MALI/Burkina Market Information:
Market is lower compare to Tuesday. Exchange is better than last year so dollar prices has reduced.
Ethiopia Market Information:
There is no demand from china for Ethiopian cargo. The market has come down as per Commodity exchange. China is not buying at higher prices. Local stock levels at china port have increased and due to that not much demand from china leads to prices lower in the China market.
Sudan Market information:
Market has come down due to no demand. Prices has come down.
Somalia Market information:
Market price has come down due to no demand and summer has started.
Bangladesh Market information:
Market is has come down due to no demand of local consumption for oil as well as not much demand from china and neighboring countries. Price are down little.
Indian Sesame Seeds:
Market has drop by US$60 per mt. due to almost 50% quantity of Korean tender demand has gone to Pakistan and also to Nigeria. Indian exporters didn’t get full quantity of Korean tender and not full demand has come to India market due to that price has gone down in local market of India. Again market is comes to close to previous level before the tender. There is trend in India that when Korea tender announce its demand prices of local market goes up and when award has been done prices goes down.
Looking at the prices of Tender awarded the prices will not go higher and market should be stable for time being unless there will not be gap of demand and supply.
Tanzania/Mozambique:
The New crop sowing has just started. The crop will comes out in the month of May end June. People have started offering forward sales. Different Sellers prices are different. No proper market prices at the moment. Prices given in the report is few exporters offer prices from Tanzania.
Korea Tender Result:
White Sesame Seeds:
Date: 05-04-2017
Quality: P1 :- 3000 MT
900 MT $1262 - ITC India
600 MT $1262 - DHAVAL India
600 MT $1263 - OLAM Nigeria
600 MT $1263 - RAJKAMAL , India
300 MT $1264 - ASIAN, India
Quality: P2 :- 7000 MT
900 MT $1234 - OLAM Nigeria
900 MT $1234 - ACC Pakistan
900 MT $1236 - ASIAN India
900 MT $1238 - DHAVAL India
900 MT $1239 - YAHYA Pakistan
900 MT $1244 - OLAM Nigeria
600 MT $1248.79- AVAM Pakistan
900 MT $1261 - ITC India
100 MT $1263 - SA IMPEX India
View related articles
