Oilseeds - Oilseeds

Sesame seeds: market turns crazy over record sales in India

June 15, 2023 at 11:20 AM , Der AUDITOR
Play report as audio

NEW DELHI/KHARTOUM. As sales hit an unexpected record-high in India prices have climbed. South Korea intends to issue a new tender at the start of July.

New tender in July

Although arrivals were initially expected to weigh on the market this week, the opposite happened instead. This reversal was triggered by one event alone, namely that as much as 270,000 kg of sesame seeds were sold in the district of Junagadh within only four hours. An exporter paid high amounts of cash to farmers and traders. This stimulated the market overnight.

Expectation is, in addition, that South Korea will issue another tender over 15,000 mt in the first week of July. Traders reckon that Pakistan will win the race this time as yiel

View related articles

Go to the News Overview
Feb 26, 2024
NEW DELHI/ATLANTA. In India, prices continue to fall and demand for peanut oil and seeds is extremely low. In the USA, the outlook is much better, while there have been harvest delays in Nicaragua.
Feb 23, 2024
BRUSSELS. Exporters in Ukraine fear that the Red Sea crisis will render wheat shipments to Indonesia more expensive. Opinions are divided over Argentina’s corn crop. China can afford to wait for soy, but frost may considerably damage the country’s rapeseed crop.
Feb 22, 2024
SOFIA/KYIV. The farmers' protests in Poland continue to hinder the flow of Ukrainian agricultural goods. All parties involved are in favour of a solution that protects Polish growers but also maintains trade.
Feb 22, 2024
NEW DELHI. The current tender from South Korea has been finalised. Indian exporters had to come to terms with the fact that, despite high expectations, they had no chance against the competition.