W16 Sesame Update: Prices in W16 for May and June Shipments, Imports in China Surged MoM andYoY

Published 2024년 4월 26일

In W16 in the sesame seed landscape, the global sesame seed market is experiencing pricing fluctuations due to economic trends and regional developments. In particular, Brazil adjusted its price downward, while prices in Pakistan, Chad, and Sudan remained stable. In addition, China's sesame imports increased by 33.09% YoY and over 50.32% MoM in Mar-24, with Niger being the largest exporter, followed by Ethiopia and Togo. Industry experts predict stable wholesale prices in the short term due to rising sourcing costs.

Pricing for May-24 and June-24 Shipments in W16

The CNF prices for Pakistan's Hybrid/Sindh sesame seeds for May-24 and Jun-24 shipments were from USD 1,700 to 1,720 per metric ton (mt) in W16. Nigeria's Lafia sesame variety prices remained stable at USD 1,750 to 1,780/mt CNF. Brazil reduced its whitish sesame seeds prices to USD 1,500 to 1,550 CNF for May and June shipments, down from last week's USD1,780 to 1,790/mt CNF. The prices for Chad's whitish sesame seeds remain stable at USD1,750 to 1,800/mt CNF, while Sudan's premium quality Gadaref sesame prices were USD1,920 to USD1,940/mt CNF. Burkina Faso saw consistent demand, with prices for both whitish and mixed sesame varieties maintaining at USD1,920 to 1,940/mt CNF, unchanged from the previous update.

Sesame Imports in China Decreased in Mar-24

China’s sesame imports increased by 33.09% year-over-year (YoY) and 50.32% month-over-month (MoM) to 148.22 thousand mt in Mar-24. Among the countries exporting sesame to China, Niger had the highest share of 43.98%, followed by Ethiopia at 18.03%. Togo ranked third with a market share of 14%. The trade activities are limited due to weak local demand. Despite the increased imports, industry experts predict that the wholesale prices of sesame will remain stable in the short term due to the increasing sourcing costs.