Free of charge

Sesame seeds: The GST hurdle

June 29, 2017 at 10:55 AM , Der AUDITOR
Play report as audio

NEW DELHI. At the turn of the month, the market in India will be facing the Goods and Service Tax reform. This is less significant for the export market, but makes the handling for traders more complicated.

Traders are keeping a low profile

The last tender from Korea had no appreciable effect on the prices. However, a cause for concern for exporters and traders is the value added tax of 5% that will be added to sesame seed purchases as of 1 July 2017. Market players report that reimbursement of the value added tax can take several months. Assuming an average purchase price of 1,000 USD for one mt of non-hulled sesame seeds, traders have to pay an additional 950 USD up front for the export of one single container (approx. 19,000 mt). Accordingly, several traders are currently hesitating to make new offers.

Indian sesame seed prices

Type

USD/mt

Hulled, 99.95%

1,380

Natural

1,160

CIF Hamburg

Attached Files

File icon
Sesame seeds hulled price chart
File icon
Sesame seeds natural price chart

View related articles

Go to the News Overview
Grains
Jun 13, 2025
BRUSSELS. With Israel and Iran on the brink of a full-blown war the market is holding its breath. The negotiations between the US and China are causing tensions for corn and soybeans. The recently imposed EU quota for Ukrainian wheat is shifting dynamics. Drought and fires spell trouble for Canada’s canola.
Oilseeds
Jun 12, 2025
NEW DELHI/BRUSSELS. New crop estimates for sesame seeds have emerged in Gujarat, India. Harvesting is well underway in Mozambique and Tanzania. India is gaining traction in the EU.
Oilseeds
Jun 12, 2025
OTTAWA. With mustard seed production not even half as large as last year, experts predict prices to rise in the new season. For the time being, however, prices in the Canadian market are stable.
Oilseeds
Jun 11, 2025
SOFIA/KYIV. Provided that sunflower seed yields recover, experts predict a significant increase in production in the EU. In Ukraine, growers have almost completed sowing.