Sesame Seeds (Market Information)
May 29, 2017 at 1:32 PM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Market is stable.
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 stabl. Not much business & movement at TOGO/Mali. Available quantity is very less as now season is completed. Rain has started.
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 and the prices are going down. 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.
Somalia Market information:
Market prices are stable.
Bangladesh Market information:
Market is stable.
Indian Sesame Seeds:
Market is stable and little down and exchange rate is stable vs. Dollar.
New summer crop arrival started. Prices for New crop is little higher and due to new cargo demand from the local market prices are stable today.
There is not much movement in the market for old crop i.e. It is mainly used for the purpose of De-Hulling Sesame Production as raw material.
Overall market sentiments are week. Prices are stable and little down by 15 to 20 US$ per mt.
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.
Rain is expected to be in the first week of June 2017. It is expected that there will be good rain this year and it will be almost 95% to 100% as required.
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 week. 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.
- Yet Stock at the port is higher and due to that market of china coming down day by day.
- New arrival of the cargo to china from Tanzania and Mozambique will be in July and August 1st week so again there will be stock at the port of china and due to that there will not be price hike up to next couple of months.
- 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 75 dollar from this level and then there will be again demand.
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