Egypt's GASC receives offers for soyoil, sunflower oil in tender

14 Nov, 2017

No purchase has been made and a decision is expected later on Tuesday.

GASC said it is seeking at least 10,000 tonnes of sunflower oil and 30,000 tonnes of soyoil for delivery from Jan. 1-15.

The buyer is also seeking offers in Egyptian pounds for at least 10,000 tonnes of soyoil for delivery during the same period.

Traders said the following offers were made in the tender in dollars per tonne:

ADM: 30,000 tonnes of soyoil at $843 a tonne and/or 10,000 tonnes of sunflower oil at $791 a tonne

Glencore: 30,000 tonnes of soyoil at $859 a tonne and/or 10,000 tonnes of sunflower oil at $812 a tonne

Olam: 30,000 tonnes of soyoil at $845 a tonne and/or 10,000 tonnes of sunflower oil at $797 a tonne

Aston: 11,000 tonnes of soyoil at $794 a tonne and/or 17,000 tonnes of sunflower oil at $792 a tonne

Watanya: 30,000 tonnes of soyoil at 14,740 Egyptian pounds ($837.98)a tonne.

 

Copyright Reuters, 2017

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