Egypt's FIHC cancelled a tender on Wednesday, May 18, to buy up to 25,000 MT of crude soyoil and 10,000 MT of crude sunflower oil for June 1-20 arrival.

Traders said the following offers were in the first round of the tender, USD/MT, C&F:

  • Glencore:
    • 11,000 MT of sunflower oil at 874 $/mt for immediate payment; 880 $/mt with 90 days facilities; 882 $/mt with 180 days facilities;
    • 20,000 MT of soybean oil at 801 $/mt for immediate payment; 807 $/mt with 90 days facilities; 809 $/mt with 180 days facilities; or
    • 25,000 MT of soybean oil at 805 $/mt for immediate payment; 811 $/mt with 90 days facilities; 813 $/mt with 180 days facilities
  • ADM:
    • 11,000 MT of sunflower oil at 856 $/mt for immediate payment; 861$/mt with 90 days facilities; 878$/mt with 180 days facilities;
    • 25,000 MT of soybean oil at 794 $/mt for immediate payment; 798 $/mt with 90 days facilities; 804 $/mt with 180 days facilities