Egypt cancelled another vegetable oils tender for high prices
9 July 2020, 11:07
Egypt's General Authority for Supply Commodities (GASC) cancelled another tender for the purchase of vegetable oils for the high offer prices, the APK-Inform consultancy writes.
Sunflower oil offers presented at the tender:
- Hakan Agro: 10 thou. t at 779.9 USD/t payable immediately and 788.7 USD/t payable within 180 days
- Glencore: 30 thou. t at 768 and 774 USD/t payable immediately and within 180 days, respectively
- ADM: 10 thou. t at 777 and 783 USD/t, and/or 30 thou. t of soybean oil at 746 and 746 USD/t
- Aston: 11 thou. t of sunflower oil at 772 and 781.8 USD/t, and/or 30 thou. t of soybean oil at 735.45 and 746.45 USD/t
As a reminder, the previous tender in mid-June was called off for the same reason.