Egypt: over 90 KMT of vegoil purchased in a tender

21.09.2017

The Egyptian state buyer GASC purchased 31 KMT of sunflower oil and 60 KMT soybean oil in a tender held on September 20, 2017, reports UkrAgroConsult.

According to market participants, the sunflower oil was bought at a price of USD 813/MT from ADM – 10 KMT, Olam – 10 KMT and Glencore – 11 KMT, the soybean oil was bought at a price of USD 840.5/MT from ADM – 30 KMT and Olam – 30 KMT. The delivery period is November 1-20, 2017.

According to Egypt’s Ag Ministry, strategic vegoil reserves for 3.5 months were set up after the tender.

More detailed information on tenders is available to subscribers for weekly market report "Black Sea Grain & Oil" by UkrAgroConsult.

 

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