ﻣﻮﻗﻊ ﺻﺪﻱ اﻟﺒﻠﺪ

Supervisor
Elham AbolFateh

Egypt

GASC buys 90 KMT of vegoil in tender

Thursday 21/September/2017 - 08:23 PM
Sada El Balad
The Egyptian state buyer GASC purchased 31 KMT of sunflower oil and 60 KMT soybean oil in a tender held on Wednesday.

According to market participants، the sunflower oil was bought at a price of USD 813MT from ADM – 10 KMT، Olam – 10 KMT and Glencore – 11 KMT، the soybean oil was bought at a price of USD 840.5MT from ADM – 30 KMT and Olam – 30 KMT. The delivery period is November 1-20، 2017.

According to Ministry of Supply and Internal Trad، strategic vegoil reserves for 3.5 months were set up after the tender.

Edited by Ahmed Mohsen

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