Huangdao Port Sesame Seed Inventory Decreased by 29.54% YoY in Dec-23

As of December 27, 2023, the inventory of sesame seeds at Huangdao Port, China, exhibited a reduction of 13.36% month-on-month (MoM) and a substantial decrease of 29.54% year-on-year (YoY), reaching a total of 123.1 thousand metric tons (mt). From December 21 to December 27, the inventory input increased by 26.85% MoM and 139.32% YoY, totaling 11.58 thousand mt. The inventory output for the same period amounted to 18.54 thousand mt, marking a 10.55% MoM increase and a notable 36.56% YoY rise. Despite the expected decrease in sourcing costs for goods arriving on Jan-24, the prevailing no-profit situation suggests that prices will remain relatively high.