Lowest soyoil offer in Egypt's GASC tender at $1,249 a tonne -traders

The offer was presented by Aston

  

CAIRO- The lowest offer presented at an Egyptian international purchasing tender for vegetable oils was $1,249 a tonne for 30,000 tonnes of soyoil for payment at sight, traders said on Thursday.

Egypt's grains buyer, the General Authority for Supply Commodities (GASC,) said on Monday it was seeking an unspecified quantity of vegetable oils in international and domestic tenders for June arrival.

GASC asked suppliers bidding in the international tender to present offers for payment with 180-day letters of credit and at sight to allow itself to choose between them.

Traders said the following offers were presented in the international tender in dollars per tonne for arrival June 1-20:

* Aston: 30,000 tonnes of soyoil at $1,249 for payment at sight

* ADM: 30,000 tonnes of soyoil at $1,259 for payment at sight

* Posco International: 30,000 tonnes of soyoil at $1,277 for payment at sight

* ADM: 10,000 tonnes of sunflower oil at $1,619 for payment at sight

* TradeField: 10,000 tonnes of sunflower oil at $1,640 for payment at sight

* Aston:30,000 tonnes of soyoil at $1,259 for payment within 180 days

* ADM: 30,000 tonnes of soyoil at $1,269 for payment within 180 days

* Posco International: 30,000 tonnes of soyoil at $1,283 for payment within 180 days

* ADM: 10,000 tonnes of sunflower oil at $1,633 for payment within 180 days

Traders said the following offers were presented during the domestic tender for arrival June 5-25:

* Alex. Co for Seeds: 12,000 tonnes of soyoil at 19,400 Egyptian pounds (equiv. $1,231.74)

* Soyven: 10,000 tonnes of soyoil at 19,390 Egyptian pounds (equiv. $1,231.11)

* El Magd: 12,000 tonnes of soyoil at 19,700 Egyptian pounds (equiv. $1,250.79)

* UCMMA: 3,000 tonnes of soyoil at 19,850 Egyptian pounds (equiv. $1,260.31)

* Ever Green: 4,000 tonnes of soyoil at 19,720 Egyptian pounds (equiv. $1,252.06)

Offers presented in the domestic tender were calculated at an exchange rate of 15.75 pounds to the dollar.

No purchase has yet been made but the tender results are expected later on Thursday.

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

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