|20 February, 2020

Egypt's GASC says buys 60,000 T soyoil and 60,000 T sunoil

Traders said the soyoil was all bought at $767.00 a tonne

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

HAMBURG  - Egypt's state commodities purchasing agency GASC bought 60,000 tonnes of soyoil and 60,000 tonnes of sunflower oil in a tender that closed on Thursday, GASC said.

GASC gave no details of prices.

Traders said the soyoil was all bought at $767.00 a tonne c&f, with 30,000 tonnes each bought from trading houses ADM and Hakan.

The sunflower oil was all bought at $748.00 a tonne c&f from trading house Glencore.

The oils are both sought for arrival between April 10-30.

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

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