Agricultural Products SESAME SEED

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SESAME SEED

SESAME SEED

The Company will source, process and package premium quality White (Food Grade) Sesame Seeds, containing not more than 2% weight of stones, laterite, and extraneous matters and not more than 5% by weight of seed, other than sesame for exports

The White (Food Grade) sesame seed will be sourced primarily from communities based in grassroots where farmers cultivate and grow sesame seeds in large quantities. 

Product Specification: The current international standard as regards grading in respect of quality of sesame seed packaged for exports are as follows:

Standard

Specification

Purity

99% minimum

Moisture

7% maximum

Impurity

1%

Oil Content

50% minimum

FFA

2% maximum

 

Sources: The sesame seeds will be sourced from small hold farmers engaged in the Company’s Out-growers Program in Nasarawa state, which are at close proximity to the Company’s factory, projected to be located at Lafia, Nasarawa State.  Packaging: The sesame seeds will be well packed in 50kg jute sacks for exports. 

Market Overview

  The largest estimated untapped potential for Nigeria can be found in China, with over 110 million USD value. China is currently the third largest export destination, after Turkey and Japan. Annual exports can be more than quadrupled up to 2021. Japan is the second largest market based on untapped potential. It is estimated at 18.1 million USD up to 2021. Current exports reached almost 85 million USD (on average per year from ’12-’16). Over the past five years Japanese imports grew with +11% annually. Smaller current destinations with good estimated potential include South Korea, Mexico and Poland. Together, over 22 million USD of additional export potential is estimated. Major competitors (China and Venezuela) do have geographical advantages over  Nigeria in  South Korea and Mexico. In Poland, India is current the major competitor. Sudan is expected to grow to a major competitor as well. 

Sesame seeds exports from Nigeria offer ample room for growth. There is estimated to be around 170 million USD of untapped potential for the ten most interesting destinations.Asian countries China and Japan offer great opportunities. Potential is huge in the markets, while they currently already 


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