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
Oilseeds
Sep 18, 2025
ISTANBUL/NEW DELHI. Market experts met in Istanbul from 5 to 7 September for the World Sesame & Peanut Conference 2025. They discussed trends and expectations for this year's crops.
Oilseeds
Sep 18, 2025
WARSAW/OTTAWA. The border between Poland and Belarus remains closed following five days of military manoeuvres. Meanwhile, Canadian market experts are optimistic about the 2025 crop yields. Over the past twelve months, Canada has exported flaxseed worth USD 155 million.
Oilseeds
Sep 17, 2025
OLOMOUC. Due to delays, the poppy seed harvest in the Czech Republic is still not complete. Quality and yield are satisfactory. Prices remain stable for the time being.
Oilseeds
Sep 17, 2025
KYIV/SOFIA. The current crop estimate from the US Department of Agriculture contains massive corrections for many important growing regions. Prices are slowly falling on the European market. Sunflower seed imports into the EU have fallen by almost half since the start of the season.