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Sesame seeds: traders respond to tender announcement

January 21, 2020 2:49 PM, Der AUDITOR
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NEW DELHI. Market players have already been expecting the tender from South Korea, now the exact date has been announced. However, the requested quantity was surprising.

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South Korea has announced the upcoming tender for 30 January 2020, bids will be accepted until 29 January. Contrary to the expected 10,000 metric tonnes, a total of 12,000 metric tonnes of white sesame seeds will be purchased through this tender. The large volume and dwindling stocks in the Indian market are prompting commodity traders and exporters to raise their prices for non-tender offers. Market players also expect firm prices in the coming days.

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