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|19 December, 2018

Egypt's GASC receives offers in vegetable oil tender - traders

GASC is expected to announce the results of the tender, which called for cargoes to arrive during Feb. 10-25

DUBAI/HAMBURG- A vegetable oil tender by Egyptian state buyer GASC drew a lowest soyoil offer of $653.30 per tonne for 15,000 tonnes, trade sources said on Wednesday.

The lowest offer for sunflower oil in the tender was $686.50 a tonne for 30,000 tonnes, traders said.

GASC, which called for cargoes to arrive during Feb. 10-25, is expected to announce the results of the tender later on Wednesday. 

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Traders said the following prices per tonne were offered in the tender:

* Glencore: 30,000 tonnes of soyoil at $694, and 30,000 tonnes of sunflower oil at $686.50

* ADM: 30,000 tonnes of soyoil at $682.00, and 10,000 tonnes of sunflower oil at $690.00

* Aston: 11,500 tonnes of sunflower oil at $687.00

* Watanya: 16,000 tonnes of soyoil at 11,800 Egyptian pounds (around $658.80)

* Alex Co. for Seeds: 15,000 tonnes of soyoil at 11,700 Egyptian pounds (around $653.30)

* Hakan: 30,000 tonnes of soyoil at $676.27, and 10,000 tonnes of sunflower oil at $688.00

(Reporting by Maha El Dahan and Michael Hogan Writing by Gus Trompiz Editing by Sybille de La Hamaide and Edmund Blair) ((gus.trompiz@thomsonreuters.com; +33 1 49 49 52 18; Reuters Messaging: gus.trompiz.thomsonreuters.com@reuters.net))

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