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  • Sesame: Asian demand drives African prices

    Feb 10th, 2023

    In Asia, the demand for sesame in the northern hemisphere exceeds supply. The price of African sesame in the current international market is soaring. This is the latest report content of the «Raw Materials» column program (Chronique des Matières Premières) of RFI which was released on the Internet this Wednesday. The current demand in Asia mainly comes from Japan. Although China does not experience a buying boom during the Lunar New Year of the Rabbit in 2023, it is still the world's largest buyer of sesam On Wednesday, February 08, 2023, RFI's French website published a report by economic reporter Marie-Pierre Olphand in the " Raw Materials" column ( Chronique des Matières Premières ). Sesame is still in short supply, causing turmoil in the international market. Prices of African sesame are soaring. The original title of this report on our RFI French column is: [ Les prix du sésame s'envolent pour les provenances africaines ]. In Chinese, it can be translated as: [ The price of sesame seeds from Africa is flying ]. Below is the introduction for sharing. Sales in African sesame producing areas are coming to an end - This report in French by RFI's "Raw Materials" column ( Chronique des Matières Premières ) first introduced that in West Africa, the sesame trade is coming to an end. From Burkina Faso to Mali, and Guinea, deals are dwindling. Sesame has now been shipped into the port, ready to export. In Chad, in Benin, in Senegal, growers there will also end their sales of sesame. Asian sesame is always in short supply - Demand for sesame remains high in Asia, especially in Japan. Sesame in the northern hemisphere cannot meet consumer demand. Also, Nigeria and Burkina Faso in Africa have reduced their sesame acreage. Is the supply of sesame in the whole year of 2023 tight? N'Kalo market analysis in the agricultural product industry believes that the international market price of sesame will continue to rise. Experts predict that the imbalance between supply and demand will continue until the fourth quarter of 2023. Changing this situation depends on future harvests in countries in the southern hemisphere, especially Tanzania and Mozambique. If the above-mentioned two countries have high production, it may bring about a balance between supply and demand in the market. Chinese Spring Festival demand in 2023 is not as good as in previous years? This report from the RFI «Raw Materials» column ( Chronique des Matières Premières ) finally mentioned that another point to observe the balance of sesame supply and demand is in China. During the 2023 Lunar New Year period, demand is not as hot as in previous years, but inventories in China have decreased. Despite the slowdown, China remains the world's largest buyer of sesame.


    Source: www.rfi.fr/cn/%E4%B8%AD%E5%9B%BD/20230209-rfi-%E6%B3%95%E5%B9%BF-0
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