Sesame Seeds (Market Information)
May 25, 2017 at 7:50 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Market is stable and little down.
Exchange rate is stable. No much difference in prices due to exchange rate.
No much demand from china and other countries.
TOGO/MALI/Burkina Market Information:
Market is stable and downward. Not much business & movement at TOGO/Mali. Available quantity is very less as now season is completed.
Ethiopia Market Information:
The prices are going down in local market and on ECX market. China market is going down and down due no demand from china.
Ethiopian exporters are giving lower prices for the non-China demand. Prices are stable.
The offer of ECX trends to be reduced. Generally the sales decreased compared with that in the last week and mostly are the HUMERA white sesame.
Sudan Market information:
Market prices are down as there is not much demand.
India is importing brown sesame from Sudan to India for further process and valuation, do re-exports to USA and Canada, etc.
Somalia Market information:
Market prices are down.
Bangladesh Market information:
Market is down.
Indian Sesame Seeds:
Market is stable and little higher and exchange rate is stable vs. Dollar.
New summer crop has started. Prices for New crop is little higher and due to new cargo demand from the local market prices are little higher.
There is not much movement in the market for old crop i.e Winter Crop. The winter crop is sold at lower prices due to arrival of New Summer crop prices are not going up for winter crop 2016.
Over all market sentiment are week. Prices are stable and little higher by 15 to 20 US$ per mt.
Stockiest, Traders who are dealing in Sesame Seeds are now afraid that prices will go further down. The prices are down so much farmer will prefer to grow other commodities like Cotton and Peanut as selling prices are not favorable Sesame Seeds.
At the moment major exports from India is Hulled Sesame Seeds.
Tanzania/Mozambique:
Prices are down due to market has gone down internationally and no much expectation by traders, stockiest and farmers that prices will go higher for next couple of weeks.
Tanzanian shipper and Mozambique shippers are offering lower prices since last two days. Tanzania and Mozambique prices are down due to non-demand at higher prices from china. The crop mainly goes to China.
Report on China Demand (A Biggest Buyer of the World for Sesame) :
- The imported sesame prices are reduced compared with that in the last weekend.
- Stock at the port is higher and due to that market of china coming down day by day.
- New crop of Tanzania, Mozambique and India has started arriving in the local market which leads market stable and further down.
- Ethiopia is facing Foreign Exchange problem and not getting dollar from their banks and central bank like Nigeria due to that prices are coming down.
- New arrival of the cargo to china from Tanzania and Mozambique will be in July and August 1st week.
- It is still the buyer market. It is easy to get the goods and there are more options available as people who have quantity at port want to sale it.
- There are seller’s pressers in the market which force them to sell the goods at a lower price. The double pressure must lead the price of sesame to be reduced.
According to personal views Prices will be stable and it can go down furthers. It will be down by another 50 to 100 dollar.
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