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