Egypt's FIHC bought 30,000 MT of soybean oil from ADM at 779 $/mt c&f in a tender on Tuesday, May 31, but did not purchase any of the sunflower oil for June 10-30 arrival.

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

  • Glencore:
    • 6,000 MT of sunflower oil at 866 $/mt for immediate payment; 873 $/mt with 90 days facilities; 881 $/mt with 180 days facilities; and
    • 30,000 MT of soybean oil at 805 $/mt for immediate payment; 808 $/mt with 90 days facilities; 813 $/mt with 180 days facilities
  • ADM:
    • 12,000 MT of sunflower oil at 870 $/mt for immediate payment; 870 $/mt with 90 days facilities; 877 $/mt with 180 days facilities; and
    • 25,000 MT of soybean oil at 784 $/mt for immediate payment; 787 $/mt with 90 days facilities; 792 $/mt with 180 days facilities; or
    • 30,000 MT of soybean oil at 779 $/mt for immediate payment; 782 $/mt with 90 days facilities; 787 $/mt with 180 days facilities
  • Noubi Intel:
    • 6,000 MT of sunflower oil at 7150 EGP/mt (805.2 $/mt) for immediate payment