Egypt's GASC buys 10,000 tonnes of soyoil, 19,000 tonnes of sunflower oil

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Shoppers are seen in an aisle with subsidised vegetable oils at a government outlet in Cairo, Egypt August 29, 2017. REUTERS/Mohamed Abd El Ghany/File Photo

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CAIRO, Sept 2 (Reuters) - Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) said on Thursday it had bought 10,000 tonnes of soyoil and 19,000 tonnes of sunflower oil in an international tender for arrival between Oct. 20 and Nov. 5.

GASC gave no more details.

European traders said the soyoil was purchased from trading house Belluno at $1,310 a tonne c&f with at sight (immediate) payment terms.

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Traders said the sunflower oil was purchased from Viterra at $1,240 a tonne c&f with payment also at sight.

GASC sought offers for importing soyoil and sunflower oil with payment through 180-day letters of credit or at sight.

GASC on Thursday also held a separate local tender for 3,000 tonnes of Egyptian-produced soyoil and 1,000 tonnes of sunflower oil for delivery in the same period as the import tender but with payment in Egyptian pounds.

GASC bought about 34,000 tonnes of Egyptian produced soyoil in the local tender from three sellers all at 20,550 Egyptian pounds, which traders calculated equated to $1,303.9 a tonne. No sunoil was bought in the local tender, traders said.

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Reporting by Nafisa Eltahir in Cairo and Michael Hogan in Hamburg, Writing by Aidan Lewis, Editing by Mark Potter

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