According to market operators, Egypt’s state agency for food procurement GASC contracted 79 thousand tons of vegetable oil during an international tender.
In particular, 17 thousand tons of sunflower oil were purchased from Agric SA and 10 thousand tons from Oliva AD at a price of $ 1170 per ton.
In addition, 28 thousand tons of soybean oil were purchased from the operator Aston Agro Industrial SA, 18 thousand tons from InterGrain SA, and 6 thousand tons from Green Suppliers at $ 1325 per ton.
Delivery of oils will take place in the period from 1 to 20 April this year Payment should be made within 180 days.
In the structure of consumption of edible oils in Egypt, about half is sunflower oil, which is used daily by most households. Domestic sunflower production is low, so private processors focus on imported raw materials.