Decline in sowing drives up prices
As the Directorate for Oilseeds Development reported the kharif crop was sown on an area of around 414.500 ha, which is 17% down on last year. Market players also state that supplies in good quality are very much limited. Upcountry and overseas demand are firm and prices range higher. Hulled sesame seeds with an 99.95% purity are trading at USD 1,600/mt FOB India.
South Korea is expected to issue a new tender over 7,000-8,000 mt of sesame seeds in the next few days. Although prices are high, suppliers in India may stand a g