Egypt purchased in the domestic market, 65 thousand tons of soybean oil

Egyptian tenders for the procurement of vegetable oils like tenders for the purchase of wheat be the price markers for the market.

Yesterday, the Egyptian GASC bought at the tender 64.5 thousand tons soybean oil local production with supply 1-25 October. Usually the purchase prices of vegetable oils on the domestic market higher than on the outside. We can therefore expect that the imported oil is purchased at a lower price.

the tender was purchased the next batch of soybean oil:

the

15 kt in the company Alex Co. For Seeds at a price 11975 lb/ton or 749,84 $/t,

3 kt in the company El Safa Co. for the price 11980 lb/ton or 750,15 $/t,

5 kt in the company Evergreen price 12100 lb/ton or 757,67 $/t,

3.5 thousand tonnes in the company of the Uccma at the price of 12200 lb/ton or 763,93 $/t,

5 kt in the company El Magd for the price of 12450 lbs/t or 779,58 $/t,

15 kt in the company Watania Cargill at a price 12655 lb/ton or 792,42 $/t

• 3 kt in the company of SOM at a price 11950 lb/ton or 748,27 $/t,

bid Prices of Argentine soy oil are at the level of 735-745 $/MT FOB, and us – at the level of 670-680 $/MT FOB, while shipping to India prices do not exceed 800 $/t C&F, so long as the market will be traded within the specified levels.