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Market Analysis Report on Korean Sesame Tender and Its Impact on Indian Peanut Market

Mintec Global
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This report provides an overview of the current sesame tender in Korea, scheduled for bidding on February 21, 2024. The tender seeks to procure 12,000 metric tons of sesame, with specified cargo arrival dates. The tender has indirectly influenced the local peanut market, resulting in a price hike and increased market volatility. Given these conditions, it is recommended to exercise caution in offering Indian-origin peanuts in the present market.

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Sesame Tender Details:

  • Bidding Date: February 21, 2024
  • Quantity Required: 12,000 metric tons
  • Cargo Arrival Dates: 6,000 metric tons by April 26, 2024 and 6,000 metric tons by May 24, 2024
  • Minimum Bid Quantity: 450 metric tons
  • Maximum Bid Quantity: 900 metric tons

Impact on Indian Peanut Market:

The announcement of the sesame tender has led to increased procurement activities in the local peanut market, with a notable price increase of USD 0.10 since yesterday. This surge is attributed to stockholders capitalising on the market’s bullishness ahead of the tender bidding. The market is expected to remain unsettled until the tender bidding concludes and results are announced.

Market Recommendations:

For Sellers: Sellers holding stocks of Indian-origin peanuts are advised to exercise patience and refrain from offering their stocks in the current volatile market. The market is anticipated to stabilize post-tender, which may present better selling opportunities.

For Buyers: Potential buyers of Indian-origin peanuts are advised to delay their purchases for 10-15 days. This waiting period is expected to allow the market to settle post-tender, potentially leading to more favourable buying conditions.


The ongoing sesame tender in Korea has had a significant ripple effect on the local peanut market in India, causing price hikes and market bullishness. Stakeholders in the Indian-origin peanut market are advised to adopt a wait-and-see approach until the tender process concludes and the market stabilises. This strategy is expected to mitigate risks associated with the current market volatility and enable more informed decision-making.

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