Egypt’s state buyer GASC purchased 41 KMT of sunflower oil and 60 KMT of soybean oil

Egypt has held 19 tenders since the beginning of MY 2019/20.

According to the State Fiscal Service, grain and pulse exports from Ukraine in MY 2019/20 had totaled 33.873 MMT by January 20, 2020.

Very warm weather for this time of year continued on January 11-13, with minor precipitation and frequent fogs.

The vegetable oils are to be delivered on March 3-7, 2020.

This implies all market participants will be eligible to receive VAT refunds for soybean and rapeseed exports.

Climate conditions in 2019 differed substantially from the long-term average in terms of the impact on crops.

In the tender held on January 14, 2020, Egypt purchased 240 KMT of wheat from Romania and Russia

GASC will hold a milling wheat tender for delivery on March 1 - 10, 2020.

The deadline for bidding is January 16, 2020.