{"id":10350,"date":"2020-06-12T16:53:07","date_gmt":"2020-06-12T16:53:07","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=10350"},"modified":"2020-06-12T16:53:07","modified_gmt":"2020-06-12T16:53:07","slug":"sesame-price-plunges-one-third-due-to-coronavirus","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus","title":{"rendered":"SESAME PRICE PLUNGES ONE THIRD DUE TO CORONAVIRUS"},"content":{"rendered":"<p><strong>AfricaPress-Tanzania:<\/strong> THE price of sesame has plunged by almost a third this season contributed by Covid-19 pandemic effect on global business.<\/p>\n<p>The price was hit hard due to the effect of coronavirus on major sesame buyer, China, which account for almost 90 percent of the country\u2019s export.<\/p>\n<p>According to Tanzania Mercantile Exchange (TMX), prices across various region auctions ranged between 1,900\/-and 2,500\/-since the season started late last month compared to around 3000\/-of the similar period last year.<\/p>\n<p>Tanzania Pulses Network, National Coordinator, Zirack Andrew, told \u2018africa-press\u2019 on Thursday that the decline appears to respond from global plunge of sesame prices due to coronavirus pandemic lockdown.<\/p>\n<p>\u201cSeveral exporting companies\u2019 attributes this plunge to Covid\u201319 pandemic, as many countries resolved to lockdown approach which made hotels and restaurants out of work for nearly five months. \u201dThis negative change is not unique from other commodities traded in the world as many of them have slipped southward too, thanks to reduced consumption pattern distorted by banning of public gatherings,\u201d Mr Andrew said.<\/p>\n<p>He said calculations based on Tanzania Revenue Authority (TRA), the average price of sesame at the port of Dar es Salaam (FOB) was around 1.5 US dollars per kilo.<\/p>\n<p>The current global average price stands at 1.3 US dollars per kilo\u2013a nearly 20 percent slump from 1.6 US dollars per kilo sold last year.<\/p>\n<p>According to TMX, Mtwara dominates the sesame business in the country as this Tuesday auction in four centres over 1.2million kilos at price ranging between 1,900\/- and 2,300\/-a kilo.<\/p>\n<p>In the same day, Bahi in Dodoma and Babati in Manyara auctioned almost 120,000 kilos of sesame at prices ranging between 2,000\/-and 2,200\/-a kilo.<\/p>\n<p>The highest price so far were quoted in Kondoa in Dodoma and Babati in Manyara when the season started mid-last month where high price was 2,420\/- and lower 2,380\/-.<\/p>\n<p>During the sale same 110,000 kilos were auctioned. So far some 1.75million kilos have been auctioned since the season started last month of which 1.2 million kilos sold from Mtwara alone.<\/p>\n<p>The leading market of Tanzanian sesame is China, which took 108,861 tons, valued at 164.5 million US dollars \u2013 87.3 per cent\u2014of the entire last year\u2019s exports. Other importer are; Japan, South Korea, Turkey and India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Tanzania: THE price of sesame has plunged by almost a third this season contributed by Covid-19 pandemic effect on global business. The price was hit hard due to the effect of coronavirus on major sesame buyer, China, which account for almost 90 percent of the country\u2019s export. According to Tanzania Mercantile Exchange (TMX), prices across [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":10338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2322,4160,3465],"class_list":["post-10350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-covid-19","tag-tmx","tag-zirack-andrew"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SESAME PRICE PLUNGES ONE THIRD DUE TO CORONAVIRUS - Tanzania<\/title>\n<meta name=\"description\" content=\"THE price of sesame has plunged by almost a third this season contributed by Covid-19 pandemic effect on global business.The price was hit hard due\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SESAME PRICE PLUNGES ONE THIRD DUE TO CORONAVIRUS\" \/>\n<meta property=\"og:description\" content=\"THE price of sesame has plunged by almost a third this season contributed by Covid-19 pandemic effect on global business.The price was hit hard due\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-12T16:53:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/7a64a375269c4dcf57922b92c95bb583.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SESAME PRICE PLUNGES ONE THIRD DUE TO CORONAVIRUS\",\"datePublished\":\"2020-06-12T16:53:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus\"},\"wordCount\":371,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/7a64a375269c4dcf57922b92c95bb583.jpg\",\"keywords\":[\"COVID-19\",\"TMX\",\"Zirack Andrew\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/sesame-price-plunges-one-third-due-to-coronavirus\",\"name\":\"SESAME PRICE PLUNGES ONE THIRD DUE TO CORONAVIRUS - 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