SESAME SEED

THE U.S. DOLLAR APPRECIATED BY 1.5% IN THE LAST TWO
DAYS DUE TO FED POLICY AND KOREAN STRESS ISSUES

 

THE NEW CROP SESAME SEEDS HARVEST HAS BEGUN
IN GUJARAT AND DAILY NEW CROP ARRIVALS OF 5 TO 10
BAGS COME, WHICH IS FANTASTIC FEELINGS AND ALL IS
WELL POSITIVE THOUGHTS FOR THE MARKETS, WE ARE
STILL A WEEK OR TWO AWAY FROM PRIME HARVEST AND
FARMERS WAITING FOR CLEAR SKIES AND WITHDRAWAL
OF MONSOON FROM INDIA SIGNAL FROM THE WEATHER
DEPARTMENT, FOR GUJARAT AND RAJASTHAN

 

STATES OF MADHYA PRADESH AND UTTAR PRADESH
ARE EXPECTED TO HAVE SOME RAINS FOR THIS WEEK
WHICH IS OKAY AS THERE WAS DELAYED SOWING IN
THESE TWO STATES SO RAINS ( MODERATE ) WILL BE
HAPPY NEWS FOR THE FARMERS AND THE FIELDS

 
THE NEXT TWO WEEKS IS KEY FOR SUNSHINE DAYS
AND BLUE SKIES SO THAT FARMERS CAN GET DOWN
TO HARVESTING THEIR NEW CROP SESAME SEEDS
AND GET IT IN SAFELY, FINGERS CROSSED

 IF ALL PLAYS OUT WELL, YOU WILL SEE SESAME
SEEDS PRICES LOWER BY US$ 100 PMT FOR NOVEMBER
SHIPMENT ONWARDS FROM INDIA, KEY IS TO HAVE LOTS
OF PATIENCE, CLEAR SKIES AND LOTS OF SUNSHINE IN
INDIA BETWEEN NOW AND MID OCTOBER BASIS


IMPORTS OF SESAME SEEDS FROM NIGERIA THIS YEAR
WILL BE DIFFICULT AS ITS CURRENCY NAIRA HAS APPRECIATED
BY 30% YEAR TO DATE BASIS SO IT MAKES ITS SESAME SEEDS
PRICES HIGHER AND ITS BEING QUOTED @ US$ 1050 PMT CIF
BASIS FOR RAW NATURAL SESAME SEEDS AND LAST YEAR
IT WAS US$ 850 PMT CIF BASIS

 
NO NEW KOREAN TENDER EXPECTED FOR NEXT THREE MONTHS
WHICH AGAIN IS FANTASTIC NEWS

CHINESE NEW CROP BIGGER THAN LAST YEAR ALSO WILL ENSURE
IT DOES NOT INCLUDE IN BLACK FRIDAY KIND OF CRAZY SHOPPING
OF SESAME SEEDS FOR THE NEXT QUARTER, HOPEFULLY