Egypt's GASC postpones tender for raw sugar

DHABI: Egypt's state-owned buyer, the General Authority for Supply Commodities (GASC), said on Sunday it had postponed a tender for 50,000 tonnes of raw sugar.

GASC said it would announce a new deadline for offers later but did not give a reason for the postponement.

GASC was seeking the raw sugar for arrival by Feb. 28. Egypt's GASC last purchased sugar in December when it bought 55,000 tonnes of white sugar outside of the tender process.