In a tender held on February 21, 2019, Egypt’s state buyer GASC purchased 30 KMT of sunflower oil and 16.5 KMT of soybean oil, reports UkrAgroConsult.
According to trade sources, the sunflower oil was bought entirely from Glencore at a price of USD 698/MT. The soybean oil was purchased in the domestic market from Cargill Watanya at a price of EGP 12,655/MT (USD 720.26/MT).
The delivery period is April 5-20, 2019.
Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.
The total planted acreage on all-type farms in 2019 is expected within 27.7 Ml ha