Sesame Tender Awarded to India, Yet Prices Fail to Rise

23-May-2025 10:46 AM

Sesame Tender Awarded to India, Yet Prices Fail to Rise
★ Despite India securing the entire sesame seed tender from South Korea recently, domestic prices did not increase as expected.
★ Contrary to expectations, prices declined further, mainly due to the availability of the summer crop.
★ Additionally, the reduction of the FETHAB tax in Brazil has lowered export costs, potentially affecting competitiveness in the global market.