|22 January, 2020

Egypt's GASC gets offers in soyoil, sunflower oil tenders-trade

GASC is seeking the oils for arrival between March 3-17.

DUBAI/HAMBURG- The lowest price offered in the international tender on Wednesday from Egypt's state agency GASC to purchase at least 30,000 tonnes of soyoil was $878.69 a tonne c&f, traders said.

The lowest offer in the tender for at least 10,000 tonnes of sunflower oil was $802.00 a tonne c&f, they said.

GASC is seeking the oils for arrival between March 3-17.

The offers are still being considered and no purchase has yet been reported, they said. A decision is expected later on Wednesday.

Traders gave the following list of the price offers in dollars per tonne on a cost and freight (C&F) basis:

• ADM: 18,000 tonnes sunflower oil at $802.00 and 30,000 tonnes soyoil at $878.69 • Tradefield: two shipments each of 5,500 tonnes sunflower oil at $827.50 • Glencore: 12,000 tonnes sunflower oil at $831.00 • Hakan Agro: 10,000 tonnes sunflower oil at $814.21 and 30,000 tonnes soyoil at $898.21 • Bunge: 18,500 tonnes soyoil at $898.00

(Reporting by Maha El Dahan, Michael Hogan and Nadine Awadalla, editing by Elaine Hardcastle) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))

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