The sesame price in China was slightly reduced last week for the following reasons:
1) The epidemic reduces the demand some areas of Shanghai are locked again due to the spread of COVID-19.
2) New crops from Tanzania, India, and Pakistan will arrive in ports soon.
3) Sales volume in Qingdao dropped for two weeks.
Plus, the Mid-Autumn festival (10th, Sep) is coming in China, which is also the peak demand for sesame oil and pasta. This is an advantage to support the price. The future market mainly depends on the demand side.
Sesame Price on the July 25th:
1) Tanzania south 1700 CIF China main ports.
2) Tanzania mix 1630 CIF China main ports.
1) The epidemic reduces the demand some areas of Shanghai are locked again due to the spread of COVID-19.
2) New crops from Tanzania, India, and Pakistan will arrive in ports soon.
3) Sales volume in Qingdao dropped for two weeks.
Plus, the Mid-Autumn festival (10th, Sep) is coming in China, which is also the peak demand for sesame oil and pasta. This is an advantage to support the price. The future market mainly depends on the demand side.
Sesame Price on the July 25th:
1) Tanzania south 1700 CIF China main ports.
2) Tanzania mix 1630 CIF China main ports.
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