Egyptian state-backed importing agency General Authority for Supply Commodities (GASC) has reportedly purchased more than 60,000 tonnes of sunflower oil after concluding a tender, trade sources told AgriCensus.
The agency reportedly booked five cargoes of sunflower oil for a price at sight of US$880/tonne, according to the 21 September report.
Each cargo was sold by a different trade company, with TOI Commodities selling 12,000 tonnes, InterGrain SA supplying another 18,000 tonnes and Green Suppliers selling 12,000 tonnes, the report said.
In addition, Aston Agro Industrial sold 11,000 tonnes with the remaining 10,000 tonnes supplied by Bulgaria-based Oliva AD.
The cargoes were expected to be delivered between 15-31 December, according to the sources.
GASC had initially tendered on 18 September for soyabean oil and sunflower oil, inviting offers for both international and local supply, AgriCensus wrote.
