Egypt purchased 48.5 KMT of vegetable oils through a tender
In a tender held on May 8, 2019, Egypt’s state grains buyer GASC purchased 18.5 KMT of soybean oil and 30 KMT of sunflower oil for delivery in July and August 2019, reports UkrAgroConsult.
According to trade sources, the breakdown of the purchases is as follows:
- 10.5 KMT of soybean oil from Alex Co. at a price of EGP 11,539 (USD 672.63/MT) for delivery on July 15-30;
- 8 KMT of soybean oil from Watanya/Cargill at a price of EGP 11,539 (USD 672.63/MT) for delivery on July 15-30;
- 30 KMT of sunflower oil from Glencore at a price of USD 706.00/MT C&F (on 180-day payment terms) for delivery on August 1-15.