Egypt's GASC buys 10,000 tonnes of sunflower oil in tender

Traders said GASC bought the sunflower oil from ADM at $1,590 a tonne for payment at sight

  

CAIRO- Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) on Tuesday said it bought 10,000 tonnes of sunflower oil in an international purchasing tender for arrival July 11-31.

Traders said GASC bought the sunflower oil from ADM at $1,590 a tonne for payment at sight.

Traders also said GASC bought 29,000 tonnes of soyoil in a domestic tender for arrival July 16 to Aug. 5.

They gave the following breakdown of the domestic purchase in Egyptian pounds: •Alex Company for Seeds: 12,000 tonnes of soyoil at 21,200 EGP per metric tonne (eqv $1,348.60) •El Magd: 10,000 tonnes of soyoil at 21,200 EGP/mt (eqv $1,348.60) •Safa: 4,000 tonnes of soyoil at 21,200 EGP/mt (eqv $1,348.60) •UCCMA: 3,000 tonnes of soyoil at 21,200 EGP/mt (eqv $1,348.60)

For a list of offers presented at the tender, click on urn:newsml:reuters.com:*:nL1N2MY0SA.

(Reporting by Nadine Awadalla and Michael Hogan Editing by David Goodman) ((Nadine.Awadalla@thomsonreuters.com;))

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