Sesame Seeds (Market Information)

Sesame Seeds Market Report:

Nigeria

Exchange rate is stable. Demand from China market makes prices up. Not much stock available to local market. Today, prices offered in the local market are up and offered prices are up. Market will go further up for another $20 to US$ 30 per mt. in this week. Market is up due to demand from china and also Turkey and European Countries.

TOGO/MALI/Burkina:

Not much stock available in the local market. Price up due to demand from international market. Today offered prices in dollar is upper side.  Exchange rate is stable. Today at higher prices also there is demand and requirements coming from china makes market stronger.

Ethiopia: 

ECX Prices has gone up and there are strong sentiments in the market. There is some defaults from Ethiopian exporters which is purely due to market gone up. As all exporters and import4ers are strive to get the Exchange bye exporting. The prices have gone up a lot in last two weeks, which continued the upward trend in the local market. Prices again start rising and not much offer coming to the market from exporters as traders and stockiest thinking that prices will continue to go up. China buyers don’t want to buy at higher prices, but chins buyers find that there is default as well as not much offers coming from the exporters makes buyers to worry that market will go further higher.

Sudan:

Exchange is stable. Local market prices are up as demands continued from the china and other market. As other markets prices gone up due to that Sudan market price also goes up.

Somalia:

Local market is stable. There is not much demand for Somalia cargo in the international market.

Bangladesh:

Local market is upward. There is much demand from china and local market. Oil market is up.

Tanzania/Mozambique:

There was demand from china. The government is not releasing the permit for exports from Tanzania due to that no one can get exports permit to do exports. This leads to panic in the local market, leads market prices to go down in the local market. China buyers are asking for the prices but they are not able to get offer from the market. China demands for Tanzanian cargo continues but no offers so china market is getting higher at the same time prices going down in local market at Dar-e-salam.

Indian:

Exchange rate is stable vs. Dollar.  Local market is stable. As compare to other international prices, Indian Sesame Prices are on the higher side so there is not much demand for Natural sesame Seeds but there is demand for Hulled Sesame Seeds, which makes market stable.

Report on China:

The Price continues to go higher side in the local market which makes more gap between international prices and local prices. Because of more gap and attractive return at the moment people start buying from international prices. China new crop start harvesting in some of the area.

Market has gone up US$30 to US$50 in last two days. According to the view of the importers, analysis the reasons for sesame market to go up for next coming couple of weeks are:

1. Stock Inventory at Ports have reduced drastically, arrivals are less than local consumption and demand.
2. No stock at all major origin and not getting offers which china importers are demanding makes people to ask more and more cargo.
3. Market should go higher in coming days as no much quantity at the local factories that are using sesame seeds for their production.
4. New exports from Tanzania stops due to Govt. stop to give permits for further exports.

 Personal Views:

According to personal views Prices will be go up for next one week or so.

Tanzania and Mozambique prices will be stable and little up.

International prices will move up. Market will go up as all origins are at the end of the season and there is demand. So supply and demand get affected leads to markets to go up.