Recently, the significant increase in sesame prices in the international market has significantly driven up the domestic sesame market. According to the latest data, sesame prices in multiple port areas in China have generally increased, and traders’ willingness to raise prices has also strengthened. This change not only reflects the changes in the supply and demand relationship in the international market, but also reflects the strong demand for sesame products in the domestic market.
Sesame, as an important agricultural product, occupies a pivotal position in the domestic food and oilseed industry. With the continuous rise of sesame prices abroad, the purchase prices in domestic port areas have also significantly increased. Taking Xiangyang, Hubei as an example, the purchase price of sesame raw materials reached 13700 to 13900 yuan/ton, while the net sales price was between 14300 and 14400 yuan/ton. Obviously, compared to the beginning of this month, the price has risen by 100 yuan/ton, indicating the strength of the market.
It is understood that the main reasons for this wave of price increases include the end of the launch of the new season sesame in the international market, the scarcity of high-quality sesame, and the decline in domestic inventory levels. Currently, many sesame oil factories and food and beverage enterprises, although having a certain inventory, are still actively seeking replenishment, which directly affects the trading volume of the market. According to statistics, the daily cargo volume of Huangdao Port and Tianjin Port has also significantly decreased, dropping to about 4600 tons and 2600 tons respectively, indicating a tight supply situation.
From the perspective of the international market, the prices of sesame in major producing countries such as Ethiopia and Sudan have significantly increased. Currently, the dutiable cost of sesame at the port in Ethiopia has reached 14120 yuan/ton, while the dutiable cost of sesame in Sudan is 13680 yuan/ton. This trend not only increases the reluctance of traders to sell, but also exacerbates price fluctuations in the market.
It is worth noting that China has a high dependence on sesame imports, and the rise in international prices has put pressure on the domestic market. Although the partial decline in import volume is caused by the shortage of high-quality imported sesame seeds, it also reflects the overall shortage of supply in the international market. For example, in the past week, the import volume of sesame seeds to ports in China has decreased, mainly from Pakistan, while the import volume from other regions has significantly decreased, further pushing up the price of imported sesame seeds.
Analysts point out that with the overall strengthening of the global commodity market, the bullish sentiment in the sesame market is becoming increasingly strong. And it is expected that the domestic sesame market will continue to maintain an active trend in the short term. At this point, relevant enterprises need to carefully evaluate market risks when making procurement decisions, especially paying attention to the direct impact of international market fluctuations on costs. In addition, it is recommended that companies establish more flexible procurement strategies to cope with possible price fluctuations. At the same time, multi-channel suppliers can also be used to enhance market response capabilities and ensure the continuous supply of products.
In summarizing the above analysis, it can be seen that the rise in international sesame prices has driven the trend of the domestic sesame market, highlighting the close relationship between market supply and demand. Understanding market dynamics and trends will be the key to stable development in the future, whether for producers or traders.
Post time: Nov-29-2024