Egypt’s GASC picks up 63k mt of sunoil at $880/mt

Egypt’s state-backed importing agency, General Authority for Supply Commodities (GASC) is thought to have picked up over 60,000 mt of sunflower oil after concluding a tender, trade sources have told Agricensus Thursday.

The agency was thought to have booked five cargoes of sunflower oil with all sold at a price at sight of $880/mt.

Each cargo was sold by a different trade company, with TOI Commodities selling 12,000 mt, InterGrain SA supplying another 18,000 mt, and Green Suppliers selling 12,000 mt.

Alongside that, Aston Agro Industrial sold 11,000 mt with the final volume coming from Bulgaria-based Oliva AD with another 10,000 mt.

The cargoes are expected to arrive between December 15-31, according to the sources.

Initially, GASC had tendered on September 18 for soybean oil and sunflower oil, inviting offers for both international and local supply.

For more information on Egyptian buying, please see our Tender Dashboard.