Egypt's state-buyer, the General Authority for Supply Commodities (GASC) cancelled a tender on Thursday, November 12, to buy an unspecified amount of soybean oil and sunflower oil, citing high prices.

Only two companies, Nidera and Union Co. had made offers in the tender:

  • Sunflower oil
    • Union Co.: 10,000 MT at 990 $/mt c&f for arrival Dec 15-30
    • Nidera: 9,000 MT at 849.89 $/mt c&f for arrival Dec 15-30
    • Nidera: 12,000 MT at 844.48 $/mt c&f for arrival Jan 15 to Feb 10
  • Soybean oil
    • Nidera: 18,500 MT at 754 $/mt c&f for arrival Dec 15-30
    • Nidera: 18,500 MT at 744 $/mt c&f for arrival Jan 15-31