The 2024 Sesame Tariff Rate Quota (TRQ) tender results, conducted under the oversight of the World Trade Organization (WTO), have highlighted the growing demand and competitive landscape of the global sesame market. With allocations spanning several countries, these tenders reflect the strategic importance of sesame seeds in international trade. This article delves into the key tender outcomes, allocations, and market implications.

Key Tender Results and Allocations

First Tender: January 11, 2024

The inaugural tender, listed under AT2683-SI-24(934), allocated a total of 6,000 tons of sesame seeds. Key recipients included:

• India: 4,800 tons
• Nigeria: 900 tons
• Burkina Faso: 300 tons

Notable bids:

• Glesco Korea Co. Ltd. secured 300 tons at $2,049.90 USD/ton (lowest bid).
• Saladin from Burkina Faso acquired 300 tons at $2,142.00 USD/ton (highest bid).

The sesame shipments are expected to arrive by March 23, 2024.

Second Tender: February 15, 2024

Two listings, AT2693-SI-24(948) and AT2693-SI-24(949), offered a combined total of 12,000 tons. Key allocations included:

• India: 1,050 tons
• Burkina Faso: 2,250 tons
• Nigeria: 1,800 tons
• Togo: 900 tons

Arrival dates:

• First 6,000 tons by April 26, 2024
• Remaining 6,000 tons by May 24, 2024

Prominent bids:

• Arizu Walk from Burkina Faso won 900 tons at $2,068.00 USD/ton.
• Green Star Co. Ltd. from India acquired 450 tons at $2,070.00 USD/ton.

Third Tender: March 28, 2024

Tender AT2710-51-24(986) allocated 6,000 tons, distributed as:

• Nigeria: 4,200 tons
• Burkina Faso: 1,800 tons

Fourth Tender: April 11, 2024

Under tender AT2734-SI-24(033), 7,500 tons were allocated. Key beneficiaries included:

• Klesko Korea Co. Ltd.: 600 units
• CS MRO: 900 units
• Daeyang Industry and Nongshim: 600 units each
• Nice Farm: 900 units
• Indigo Group: 600 units
• Kukobiz Jimchulso: 300 units

Market Implications

The WTO's 2024 Sesame TRQ tenders have demonstrated the high demand and strategic importance of sesame seeds in the global market. The participation of diverse stakeholders, from India to Burkina Faso, underscores the international appeal of this commodity.

Local Market Impact

In India, the tender announcements have stimulated increased procurement activity and price movements in the sesame and peanut markets. This reflects the interconnected nature of the global commodity markets, where shifts in one sector can influence another.

Global Distribution Network

With allocations spread across countries such as India, Nigeria, Burkina Faso, and Togo, the tenders ensure a balanced global supply chain. This distribution helps stabilize prices while meeting the growing international demand for sesame seeds.

Conclusion

The WTO's meticulous organization of the 2024 Sesame TRQ tenders has upheld fair trade practices, ensuring transparency and a level playing field for all participants. The robust bidding and strategic allocations highlight the vitality and competitiveness of the sesame market. As shipments begin to fulfill these allocations, market participants should remain vigilant about evolving trends and potential opportunities.

This tender process reinforces sesame seeds' role as a key player in global agricultural trade, reflecting the importance of international collaboration and structured trading mechanisms.





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