Hulled Sesame seed prices bearish
We would like to inform you that Sesame Seed prices are bearish as the demand is bleak.
On the other hand, the availability of raw material i.e. Natural Sesame Seed is tapering off giving an indication that the raw material sources are drying up in India.
This phenomenon is being confirmed by the fact that some Indian Sesame Seed processors have started buying Natural Sesame Seed from Africa.
US$ has also lost about 1.5% against Indian Rupee in last 10 Days.
The currency is volatile.
The current price of Hulled Sesame Seed Premium Grade Purity 99.98% for March/April shipment would be £1.45 per kg ex-store
In our opinion this is a very good price to conclude business.
We are of the opinion that the current prices are either the rock bottom prices or quite close to the bottom!
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