Egypt’s GASC receives offers in international vegetable oils tender

CAIRO: The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Wednesday was $1,463 a tonne c&f for 5,500 tonnes of sunflower oil, traders said.

The lowest offer presented for soyoil at the tender was $1,567 a tonne for 6,000 tonnes with payment at sight, they added.

GASC is seeking an unspecified quantity of soyoil and sunflower oil in the international tender for arrival April 5-25. It asked traders to submit bids for payment at sight and 180-day letters of credit.

No purchase had yet been made but tender results are expected on Wednesday.

The lowest offer presented in the local production tender was said to be from Safa for 8,000 tonnes of soyoil at $1,571.79, traders said.

GASC had set a tender for local vegetable oils on Wednesday, seeking at least 3,000 tonnes of soyoil and 1,000 tonnes of sunflower oil for arrival April 1-20.