Sesame seeds: tender prices fail to meet expectations

August 17, 2020 at 1:09 PM , Der AUDITOR
Play report as audio

NEW DELHI/ABUJA. Suppliers in India successfully bid in last week’s tender from South Korea. Prices did, however, not quite meet expectations as the Merchandise Export From India Scheme (MEIS) is under scrutiny. Meanwhile, offers for the new crop are issued in Africa.

India wins bids

Shock came in July as India’s revenue department decided to cap the MEIS scheme at RUP 90 crore (USD 120m) for April-December. Implemented in 2015, the scheme offers benefits to exporters in the form of 2%, 3% or 5% free foreign exchange. While the benefits clearly profit the exporters, the scheme has recently come under scrutiny since a tangible growth in exports has so far failed to materialise. In addition, the scheme is due to end at the end of the year.

Sesame seed exporters in India gave a sigh of relief as the government decided

View related articles

Go to the News Overview
Grains
Nov 1, 2024
BRUSSELS. Russia’s failed attempt to drive up wheat prices has slowed shipments. Ukraine’s corn exports are 18% up. Rain has prompted sowing to gain pace for soybeans in Brazil and Argentina. Rumour has it that China will slash retaliatory tariffs on Canada's canola.
Oilseeds
Oct 31, 2024
OTTAWA. Although the Canadian flaxseed crop is smaller than in recent years, market players are currently reporting high demand from China. The EU could also be an interesting sales market this season if the export potential was not limited.
Oilseeds
Oct 31, 2024
OTTAWA. The Canadian mustard seed harvest has so far resulted in lower yields than initially hoped for, but the crop result remains significantly better than in previous years.
Oilseeds
Oct 30, 2024
SOFIA/DALIAN. Disappointing crops in the European sunflower seed market are driving some suppliers to take drastic measures. In the Chinese market, however, the new crop is causing prices to fall.