Sesame Seeds: Stock level is reduced at China port & Heavy rain stops in India

Sesame Seeds Market Report:

Nigeria

Exchange rate is stable. Market is Stable due to less stock in the market and at higher prices china demand reduces. Today, prices offered in the local market is stable and offered at previously offered prices. Market will go further up for another $20 to US$ 30 per mt. in this week. This sudden up is due to demand from Turkey and other countries which leads market up.

TOGO/MALI/Burkina:

Price is stable in the local market. Today offered prices are stable.  Exchange rate is stable. There is not much stock at the local market. At higher prices not much demand. New crop sowing has started and there is good rain in the region. There will be good sowing. As there is not organized properly and cannot get proper sowing details so not able to give exact figures of the sowing but this is year sowing will be as and may be little more than last year.

Ethiopia: 

The prices has gone up a lot in last two weeks,  demand stops at higher level and due to that local market prices also get stabilized. People are not preferred to sale to China. They want to get better exchange rate by exporting to other countries. China buyers don’t want to buy at higher prices. They are covering the profit by selling in the local market whatever they have stocks with them.

Sudan:

Exchange is stable. Local market prices are stable. There is not much demand from all markets and price get stabilize.

Somalia:

Local market get stabilize. There is not much demand since last two days and which affected Somalia market prices and prices get stabilize.

Bangladesh:

Local market is stable. There is not much demand from china and local market. Over all oil market is stable. No demand from China at higher prices so market get stabilize.

Tanzania/Mozambique:

There was demand from china but due to higher prices no business or trade took place at higher prices. Shipment did from Tanzania and Mozambique to china is getting arrive at china port. so who had imported they are waiting to sale the products and then may demand from the market.

Indian:

Exchange rate is stable vs. Dollar.  Local market is down. Weather get clear since last 3 to 4 days and which makes the market stable. Market yards get open at different places today on Monday and there is arrival for sales. People are getting the concept of GST and get started work slowly and it will takes some more time to get all systems  on track.

There is possibility of re-sowing of sesame seeds in coming days as there was clear weather in growing area. Overall market is down in Indian Sesame seeds.

Report on China:

The Price of Sesame begin to be Increased Recently.

Since July, the sesame market at China port becomes better gradually. And it is increased more quickly after July 10. Mostly the price is adjusting about US$20 to 30 per mt. every day. But by the middle of July, the sales at the port becomes slowly and the price becomes stable gradually. Will the sesame market becomes better or worse?  According to the view of the importers, analysis the bad factors to the sesame market : 

1. According to the information, from the port, the inventory at Huangdao Port is 90,000 tons and 43,000 tons at Tianjin Port. The inventory has been reduced much.
2. The reason is the sales quantity is more than the imported quantity. According to what we know from China customs, since this February, the importing sesame quantity is reduced month by month.
3. It is reduced to 60,000 tons in May from 90,000 tons in February. By the recent data, we can see that China only imports 30,000 tons in June. Since the middle of June.
4. Market should go higher in coming days unless there will be enough quantity available at port and not reduce stock at port.

Personal Views:

According to personal views Prices will be stable and little up for in next coming days.

Tanzania and Mozambique prices will be stable and little up.

International prices will move up due to Indian prices has moved up side since last few days due to heavy rain. It will be further clear in next coming days.