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  • African sesame seeds are popular before the Spring Festival of the Chinese Year of the Dragon

    Feb 12th, 2024

    Agricultural products - African sesame has become popular before the Spring Festival of the Year of the Dragon in China. Unfortunately, Chinese demand coincides with tight supplies in Africa. At the end of 2023, China mainly purchased Pakistani sesame seeds. Purchases from West African countries began to resume in January 2024, allowing local sesame growers to clear their stocks at good prices. Agricultural information consulting service agency N'kalo believes that China's future sesame orders depend on the recovery of its economy and market prices. African sesame prices rise with the Chinese Year of the Dragon Spring Festival - Chinese people around the world have celebrated the Lunar New Year of the Green Dragon on Saturday, February 10, 2024. On the eve of this, our RFI economic program " Raw Materials " column ( Chronique des Matières Premières ) published an article introducing the market situation of African sesame seeds as the Chinese enter the Lunar New Year. Chinese Spring Festival sesame demand coincides with tight supply in Africa -- This report in the "Raw Materials " column ( Chronique des Matières Premières ) of RFI's French website points out that China's purchase of African sesame seeds has increased again ten days before the Lunar New Year. Unfortunately, the supply of sesame seeds in Africa is tight. This keeps the price of African sesame seeds high. It is almost certain that the last remaining stocks left by West African exporters should find buyers willing to pay high prices. Because, this harvest season is now over. The market will then have to wait until the next sesame harvest season in the African countries of Tanzania and Mozambique in the Southern Hemisphere, as well as in Latin America. In the case of limited supply, like many other agricultural products, China is still guiding the market. According to N'kalo Agricultural Information Consulting Service, stimulated by the Chinese Lunar New Year, the Chinese business community has been very active in the past two weeks, purchasing more sesame seeds and rushing to the port at the same time. China purchased sesame seeds from Pakistan in particular at the end of 2023. Burkina Faso, Togo and Sudan saw their exports to China decline. Whether this is due to logistical difficulties or reduced harvests. However, purchases from West Africa have begun to resume in January 2024, allowing local sesame growers to clear their stocks at good prices. The sesame market is waiting to see the recovery of China's economy - The report in the "Chronique des Matières Premières " column of RFI's " Chronique des Matières Premières " finally mentioned that once the festival is over, the good news for African sesame will shrink. To be sure, China will slow imports in the coming weeks. The question now is whether China's purchases will be significantly reduced. In the past, even if Chinese acquisitions decreased, demand was still huge. An analysis by N'kalo, an agricultural information consulting service organization, believes that sooner or later, China will need to restore its inventory, which is currently decreasing day by day. The order quantity depends on China's economic recovery and the market price of sesame seeds.


    Source: www.rfi.fr/cn/%E9%9D%9E%E6%B4%B2/20240212-rfi-%E6%B3%95%E5%B9%BF-
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