According to market participants, the Egyptian state buyer GASC has issued a tender to purchase 10 KMT of sunflower oil and 30 KMT of soybean oil for US dollars as well as 5 KMT and 10 KMT of these commodities, respectively, for Egyptian pounds, reports UkrAgroConsult.
The vegetable oils are to be delivered on April 15-30, 2019.
As a reminder, Egypt bought 30 KMT of sunflower oil and 16.5 KMT of soybean oil in the previous tender held on February 21, 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.
Sodruzhestvo Group intends to shortly launch a facility for advanced soybean processing on a ground in Smorgon.