In tender, Egypt only purchased soybean oil
Egypt’s state buyer GASC purchased 60 KMT of soybean oil through a tender held on May 6, 2020.
The breakdown of the purchases is as follows:
|
Vegetable oil |
Quantity, KMT |
Shipper |
Price |
Delivery period |
|
|
EGP/MT |
USD/MT |
||||
|
Soybean oil |
30 |
Hakan Agro |
– |
623.5 |
10–30.07.20 |
|
Soybean oil |
30 |
ADM |
– |
623.5 |
10–30.07.20 |
|
Total |
60 |
|
|
|
|
The vegoils were bought on terms of a 180-day payment delay.
Sunflower oil price turned out to be uncompetitive – the premium was USD 120/MT.
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