Oilseeds - Oilseeds

Sesame seeds: South Korea significantly reduces tender

April 20, 2023 at 12:50 PM , Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Oilseeds
Jul 18, 2024
CHRUDIM. Czech poppy farmers have sown a good 10,000 ha more this year than in the last two years. This raises hopes of a good crop, even though there are still concerns that the hot and dry temperatures could have a negative impact.
Oilseeds
Jul 18, 2024
NEW DELHI. Indian sesame seed traders are struggling with high competitive pressure. Meanwhile, the sesame seed tender expected at the beginning of July has been delayed by a few weeks.
Oilseeds
Jul 18, 2024
OTTAWA/BRUSSELS. Good crop prospects in Canada are putting pressure on mustard seed prices. Buyers are still holding back on enquiries.
Oilseeds
Jul 17, 2024
SOFIA/KYIV. Heat and drought are causing problems for sunflower seed fields in parts of Europe. Downward corrections to the previously good crop forecasts are to be expected.