Sesame Seeds Market Report:

Nigeria Market Information:

Market is down due to not much demand from china and other countries.

Exchange rate is more or less stable. Over all exchange rate is down but due to No demand, prices has also gone down in local market so over all dollar prices has gone down.

There are stock lying at the traders and stockiest hand and they don’t want to sale at lower prices but there is not much local consumption of Sesame Seeds in Nigeria. So the market has to work and go along with the international demand and prices.

Overall market is down and unless and until there is not much demand or Exchange support prices will not go higher.

TOGO/MALI/Burkina Market Information: 

Market is down due to no demand.

Exchange rate is stable. But overall since last one month exchange has comes down by almost 7 to 8%.

Not much business & movement at TOGO/Mali.

Available quantity is very less as now season is completed.

Rain has started, sowing will starts early by 15 days as rain has started 15 days early.

Ethiopia Market Information: 

No demand from china and also high level stock at China ports, leads to prices down at Origin i.e. in Ethiopia.

Ethiopian exporters are giving lower prices for the non-China demand. Prices are down. Not much movement in the prices due to lack of demand.

Sales has gone down for the Humera Sesame Seeds as other countries sesame is been offered better rates than Ethiopia.

Sudan Market information:

Local market prices has gone down due to not much demand from the other countries and also due to local festival going on, there is not much demand from India as well as from other countries.

Somalia Market information:

Due to Ramadan days are lazy and not much movement in the market, it is inactive at the present.

Bangladesh Market information:

Market has gone down due to no demand from china for crushing grade quality (brown color Sesame).

Indian Sesame Seeds:

Yesterday the Korean Government has announced the Tender of Sesame Seeds, details are as follows:

KOREA AT SESAME TENDER 6000 MT 

P1                                            :           3000MT  AT1713-SI-17(818)

P2                                            :           3000MT  AT1714-SI-17(819)

Delivery By                             :           21.08.2017 for Asian Origin

                                                    :           19.09.2017 for African Origin)

Registration Cut off By         :           15.06.2017

E-bidding on                           :           10.06.2017 i.e Monday

 Minimum Qty. Participation   :           600MT

Maximum Qty. Participation:             900MT

 Due to Korean Tender News, market becomes stable and it gives boost up for the demand from India. Major Tenders awarded from India. The news of tender makes some hope to the people of sesame that prices will be stable i.e. at least stop going down further and some hope that there will be demand for time being and market will be firm little.

Today, Market is stable and exchange rate is also stable vs. Dollar.

Old crop is available at lower prices than summer Crop 2017. Overall market sentiments are week but due to news of tender it is stable at the moment.

Tanzania/Mozambique:

China is the major buyer for the Tanzania and Mozambique Sesame Seeds.

Market has also crashed due to china prices has gone down, Prices pushed to go down at origin due to no demand.

Report on China Demand (A Biggest Buyer of the World for Sesame) : 

1. Yet there is more than 150,000 mt. cargo at the port (Main port of China).
2. Last 10 days prices have reduced further to US$ 30 per mt. in China local market.
3. Sellers presser there at the port and due to that markets get weak and weaker.

According to personal views Prices will be stable and it can go down furthers. It will be down by another US$40 dollar from this level and then market will be stable.