MARKET DEVELOPMENT
Egypt’s GASC receives offers in vegetable oils tender
Egypt’s GASC receives offers in vegetable oils tender
12.11.2021 (www.hellenicshippingnews.com) - The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Wednesday was $1,440.00 per tonne c&f for 11,500 tonnes of sunflower oil, traders said.
The lowest offer presented for soyoil at the tender was $1,444.00 per tonne c&f for 30,000 tonnes with payment at sight, they added.
GASC is seeking an unspecified quantity of soyoil and sunflower oil in the international tender for arrival Jan. 5-Jan. 25. It asked traders to submit bids for payment with 180-day letters of credit and at sight, and said it would choose between both offers.
Source: Reuters (Reporting by Sarah El Safty and Michael Hogan, Editing by Louise Heavens)