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 August 20 – September 5, 2020.
The deadline for bidding is June 16, 2020.
As a reminder, Egypt bought 60 KMT of vegetable oils in the previous tender held on May 6, 2020.
USDA raised its estimate for the 2019/20 oilseed crop in the Black Sea region to 50.281 MMT