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.
The vegetable oils are to be delivered on March 3-7, 2020.
The deadline for bidding is January 22, 2019.
As a reminder, Egypt bought 5 KMT of soybean oil from the domestic market in the previous tender held on January 16, 2020.
This implies all market participants will be eligible to receive VAT refunds for soybean and rapeseed exports.