|26 December, 2019

Egypt's GASC buys 34,450 tonnes of soyoil in local tender - trade

GASC had been seeking at least 3,000 tonnes of local soyoil and 2,000 tonnes of local sunflower oil in the tender for Feb. 1-15 arrival

Shoppers are seen in an aisle with subsidised vegetable oils at a government outlet in Cairo, Egypt August 29, 2017. Image used for illustrative purposes

Shoppers are seen in an aisle with subsidised vegetable oils at a government outlet in Cairo, Egypt August 29, 2017. Image used for illustrative purposes

REUTERS/Mohamed Abd El Ghany

CAIRO  - Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) bought 34,450 tonnes of soyoil in a local vegetable oils tender on Thursday, traders said.

GASC had been seeking at least 3,000 tonnes of local soyoil and 2,000 tonnes of local sunflower oil in the tender for Feb. 1-15 arrival. It received no offers for sunflower oil, traders said.

Traders gave the following breakdown of the purchase:

* Uccma: 3,450 tonnes of soyoil at 12,780 Egyptian pounds ($796.26)

* Alex co. for Seeds: 23,000 tonnes of soyoil at 12,780 Egyptian pounds.

* Watanya: 8,000 tonnes of soyoil at 12,780 Egyptian pounds.

(Reporting by Nadine Awadalla in Cairo and Maha El Dahan in Dubai; Editing by Hugh Lawson and David Clarke) ((Nadine.Awadalla@thomsonreuters.com;))

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