India wins bid for two thirds
The arrival of the new crop in the Indian trading markets and the ongoing tender had recently put pressure on sesame seed prices. Indian market players had originally not expected to have a high chance. However, the outcome turned out better than expected. The Korea Agro-Fisheries & Food Trade Corporation had tendered a total of 15,000 mt of sesame seeds in two blocks of 7,500 mt each. Indian exporters were able to convince with their bids of USD 1,875-1,922/mt and secured a total of 10,200 mt, i.e. a good two-thirds of the tender.