19th October 2020
Market is increasing little bit daily, due to less supply. Internationally, prices are more or less stable as China has stopped aggressively buying from the market. S Korea is expected to announce a new tender in the coming week for prompt shipments.
Demand : Demand from Americas, Middle East and Far East has been good in the past one month. Australia, especially Victoria is slowly recovering from high stocks due to lockdowns. Regular EU demand is expected to resume next month once new protocol is in place from IOPEPC.
Supply : Quality of Arrivals in Gujarat has been low due to last month Floods. UP yields are expected to be low and thus seed size is affected. Overall Indian new crop quality and quantity is not as good as expected in August. In Africa, Nigeria was the only origin readily offering sesame. We hope floods situation in Sudan and Nigeria is not as serious for sesame crop.
Trend : StableTrend – Stable to Bearish
Edible Solutions offer product from GFSI accredited processors in India and Nigeria. Please enquire. Price indications are around $ 1690 – 1700 levels for Hulled and $ 1510 – 1530 levels for Natural Sesame Seeds on C&F per mt basis to Main European Ports.