Oilseeds - Oilseeds

Sesame seeds: lifting of export duties worries Indian traders

July 21, 2022 at 12:46 PM , Der AUDITOR
Play report as audio

NEW DELHI. Indian traders are worried about the domestic sesame seed market. After Indonesia recently reduced export duties on palm oil, even more drastic measures have been taken.

Palm oil puts pressure on

Indonesian warehouses are groaning under high palm oil stocks. In order to accelerate the shipments, the export duty has now been set completely to zero up to and including the end of August. So far, just 34-35% of what was shipped overseas in the same period last year has been exported. The need for action became clear when palm oil prices on local spot markets plummeted by 15-16% within a few hours, according to market players.

Experts then appealed to the Indian government to take appropriate measures to protect Indian 

View related articles

Go to the News Overview
Oilseeds
Dec 5, 2023
DALIAN. Demand on the pumpkin seed market remains weak, but suppliers are hoping that the Chinese New Year in February will breathe life into the market. Meanwhile, growers have disposed of a large proportion of their stocks.
Nuts
Dec 4, 2023
NEW DELHI/AUSTIN. In India, arrivals of the new crop after the Diwali festival have not picked up to the extent hoped for, and the new Kharif crop is also struggling with challenges. In Texas, there were harvest delays and extremely high prices.
Grains
Dec 1, 2023
BRUSSELS. A wave of cancellations has hit wheat, corn is under pressure and alternative transport routes have rendered soybeans more expensive in Brazil. China is also confronted with a supply glut for rapeseed.
Oilseeds
Nov 30, 2023
KYIV/OTTAWA. Flaxseed prices are currently experiencing regular price increases. According to experts, this season's supply should be sufficient to cover demand, but the crop have not been large enough for significant end-of-season stocks.