Egypt's GASC seeks soyoil and sunflower oil for arrival June 1-20

GASC said it wanted at least 30,000 tonnes of soyoil and 10,000 tonnes of sunflower oil

  
Image used for illustrative purpose. A horse grazes next to a soybean field in Argentina's town of Estacion Islas April 3, 2010.

Image used for illustrative purpose. A horse grazes next to a soybean field in Argentina's town of Estacion Islas April 3, 2010.

REUTERS/Enrique Marcarian

CAIRO - Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) on Monday said it was seeking vegetable oils in an international purchasing tender for arrival June 1-20.

GASC said it wanted at least 30,000 tonnes of soyoil and 10,000 tonnes of sunflower oil. The deadline for offers is Thursday April 15.

The buyer also said that traders should submit bids for payment with 180-day letters of credit and at sight and that it would choose between both offers.

GASC will also hold a domestic tender for vegetable oils on Thursday, the supply ministry said, where it is seeking quantities of at least 3,000 tonnes of soyoil and 2,000 tonnes of sunflower oil.

The arrival period for the local vegetable oils would be June 5-25.

GASC cancelled a domestic vegetable oils on Sunday and instead purchased 20,000 tonnes of a bottled refined mix of soyoil and sunflower oil. 

(Reporting by Nadine Awadalla Editing by David Goodman)

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