Sesame Market moving

Sesame Market moving

posted by: Chris Wilding date: Jan 25, 2018 category: Latest News comments: Comments Off on Sesame Market moving

Prices of hulled sesame has risen by almost 5-6% this week

This is due to good demand from Europe, Russia, Iran & other NON EU Countries.

Simultaneously African prices also gained around USD 100/mt.

China has already stopped to buy for new contracts from Africa due to delay in delivery of previous contracts & switched to India for its current requirements.

There is also news of a Korean tender, one is expected by end of Jan (Around 5000 Mt) & one is by February (Around 5000 Mt)

It appears that USD 1760-1780/mt is a very supportive bottom level.

For premium quality hulled sesame we see very few chances it may break this bottom level for coming 3-4 months seeing the current local supply & African imports.

 

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