Egypt's GASC buys 25,000 tonnes of soyoil for arrival December 5-25

No purchase has yet been made


HAMBURG- Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had bought 25,000 tonnes of soyoil for arrival between Dec. 5 and Dec. 25.

GASC gave no further details.

European traders said the soyoil was purchased at $1,468 a tonne c&f for immediate payment from trading house Viterra.

No purchase of 10,000 tonnes of sunflower oil also sought in the tender was reported.

Offers in the tender were submitted earlier on Wednesday. GASC was seeking price offers for imports of soyoil and sunflower oil with payment through 180-day letters of credit or at sight (immediate payment) for arrival in Egypt between Dec. 5-25.

In its last vegetable oils tender on Oct. 5, GASC bought 36,000 tonnes of soyoil for arrival between Nov. 25 and Dec. 20 at $1,398.63 and $1,381 a tonne c&f. 

(Reporting by Nafisa Eltahir in Cairo and Michael Hogan in Hamburg, Writing by Ahmad Elhamy; editing by David Evans) ((; +201023399104; Reuters Messaging:

More From Commodities