|13 February, 2020

Egypt's GASC buys 41,500 T soybean oil in local tender - traders

GASC was seeking cargoes of at least 3,000 tonnes of soyoil and 2,000 tonnes of sunflower oil for arrival March 25-April 15

Bottles are filled with soybean oil made from the U.S. imported soybeans on a production line at a plant of Liangyou Industry and Trade Co., Ltd in Qufu, Shandong province, China July 4, 2018. Image used for illustrative purposes.

Bottles are filled with soybean oil made from the U.S. imported soybeans on a production line at a plant of Liangyou Industry and Trade Co., Ltd in Qufu, Shandong province, China July 4, 2018. Image used for illustrative purposes.

REUTERS/Jason Lee

PARIS - Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), bought 41,500 tonnes of soybean oil at 12,300 Egyptian pounds ($788.44) a tonne on Thursday in a local tender, traders said.

They gave the following breakdown of the purchase:

* Alexsseds: 20,000 tonnes of soyoil at 12,300 Egyptian pounds($788.44) a tonne

* Watanya: 6,000 tonnes soyoil at 12,300 Egyptian pounds ($788.44) a tonne

* El Magd: 5,000 tonnes soyoil at 12,300 Egyptian pounds ($788.44) a tonne

* El Safa: 4,000 tonnes soyoil at 12,300 Egyptian pounds($788.44) a tonne

* C3M: 3,500 tonnes soyoil at 12,300 Egyptian pounds($788.44)

* Ever green: 3,000 tonnes soyoil at 12,300 Egyptian pounds($788.44) a tonne

GASC was seeking cargoes of at least 3,000 tonnes of soyoil and 2,000 tonnes of sunflower oil for arrival March 25-April 15.

Traders earlier said that GASC received a lowest offer at the tender of 12,350 Egyptian pounds ($785.62) per tonne for 13,000 tonnes of soyoil. 

The offer was presented by Alex. Co for Seeds, they said.

(Reporting by Michael Hogan. Writing by Sybille de La Hamaide;Editing by Elaine Hardcastle) ((Sybille.deLaHamaide@thomsonreuters.com; +331 4949 5145;))

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