Sesame Seeds (Market Information)
June 15, 2017 at 7:26 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Exchange rate is stable.
Local market prices are stable as local market stop going down.
Less stock available in the market, rain has started and sowing has started in Nigeria.
Overall market is stable. As last few weeks market has gone down about more than US$150 per mt.
TOGO/MALI/Burkina Market Information:
Exchange rate is stable. Market is stable.
There are less stock available in the market. Rain has started, sowing has started.
Ethiopia Market Information:
On ECX (Ethiopian commodity Exchange) prices are stable.
At lower prices china buyers/importers has made some businesses and there are enquiries in the market from china.
Sudan Market information:
Exchange is stable.
Local market prices are stable. There are enquiries for the prices and offers from all over so the market has stop going down and down.
Market is stable.
Somalia Market information:
Market is stable and not much movements in the market.
Bangladesh Market information:
Local market is stable for all varieties of sesame seeds due to non-demand as well as local festival not much movement or trades happening. Market is silent but there are enquiries from China for Oil crushing cargo to Bangladesh.
Indian Sesame Seeds:
Korea tender has made no effect to the market for price stability and market. Due to summer crop arrival started in full swing.
Exchange rate is also stable vs. Dollar.
Arrivals of Summer crop 2017 in some of the Market of Gujarat as follows:
|
Market Details / No. of Bags Arrival/ Date |
12.06.2017 |
13.06.2017 |
14.06.2017 |
15.06.2017 |
|
RAJKOT |
1,600.00 |
1,500.00 |
1,900.00 |
- |
|
GONDAL |
1,400.00 |
1,600.00 |
1,500.00 |
- |
|
JETPUR |
150.00 |
100.00 |
150.00 |
- |
|
JUNAGADH |
500.00 |
400.00 |
600.00 |
- |
|
BOTAD |
200.00 |
200.00 |
250.00 |
200.00 |
|
HALVAD |
3,500.00 |
4,000.00 |
3,200.00 |
- |
|
VISAVADAR |
700.00 |
900.00 |
600.00 |
- |
|
BHAVNGAR |
45.00 |
45.00 |
35.00 |
- |
|
MORBI |
60.00 |
80.00 |
60.00 |
- |
|
JAMNAGAR |
450.00 |
400.00 |
450.00 |
- |
|
JAMJODHPUR |
350.00 |
450.00 |
500.00 |
- |
|
SAVARKUNDLA |
150.00 |
250.00 |
200.00 |
- |
|
UNJHA |
1,000.00 |
1,300.00 |
1,100.00 |
- |
|
AMRELI |
950.00 |
900.00 |
100.00 |
1,400.00 |
|
MAHUVA |
150.00 |
100.00 |
100.00 |
- |
|
- |
||||
|
No. of Bags Arrival |
11,205.00 |
12,225.00 |
10,745.00 |
1,600.00 |
|
Qty. Arrival in (MT.) |
896.40 |
978.00 |
859.60 |
128.00 |
Today due to Strike called by Traders and Association of farmers, few markets are closed.
The arrivals of summer crop of sesame seeds are more than expected and due to large arrival Indian sesame market is going down ward.
Today overall Indian Sesame Market is down.
Old crop is available at lower prices than summer Crop 2017.
Tanzania/Mozambique:
China is the major buyer for the Tanzania and Mozambique Sesame Seeds. There is delegation from China buyers’ currently on visit to Tanzania and Mozambique market for Sesame Seeds arrival survey and information, etc.
Since last two weeks market has gone down so much and now there is demand at lower prices from china and some of the business took place and due to that market is stable at the moment.
There is demand at lower prices from China.
Report on China Demand (A Biggest Buyer of the World for Sesame) :
- Yet there is about 140000mt. cargo at the port (Main port of China).
- Local buyer’s sentiment is stable now and now price are stable.
- Still Sellers presser of selling cargo which they have imported at higher level and now they started importing new cargo from Tanzania and Mozambique at lower level prices so that can average out and can look for prices stable or may go higher.
- Market sentiments are stable at this level.
According to personal views Prices will be stable and it may stop going down furthers. There will be demand at lower level prices. Indian market will be the key factor at the moment. If market of India will go further down due to arrival of Summer crop Sesame then market will go further down in India and which will also leads and makes African market to go down further.
But this level is fair enough for the oil Seeds.
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