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Sesame seeds: South Korea significantly reduces tender

April 20, 2023 at 12:50 PM , Der AUDITOR
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NEW DELHI. High bid prices again ensured that South Korea's tender could not be completed as planned. This also affects market prices.

Tender shrinks by 80%

After the end of the current sesame seed tender, great disappointment spread among Indian exporters. South Korea had issued a tender for the purchase of 7,500 mt of sesame seeds and Indian market players were confident of winning about 70% of the tender. As in the previous sesame seed tender, bid prices were well above what buyers were willing to pay. Only four Indian and one Nigerian company made it into the race, and only 1,800 mt of the 7,500 mt tendered were covered. The remaining quantity was cancelled for the time being, but could be tend

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