Egypt's FIHC buys sunflower oil, no soybean oil in tender

Reuters, Wednesday 5 Sep 2012

Egypt purchases sunflower oil but rejects tenders for soybean oil for October

Egypt's state-owned Food Industries Holding Company (FIHC) has purchased 48,000 tonnes of sunflower oil in a tender for 30,000 tonnes, but rejected offers and made no purchase of 30,000 tonnes of soybean oil, European traders said Wednesday.

Louis Dreyfus sold 30,000 tonnes of sunflower oil at $1,278.00 a tonne, and Toepfer sold 18,000 tonnes of sunflower oil at $1,278.00, traders said.

The tender had sought soybean oil for arrival between 1-31 October and sunflower oil between 1-20 October.

Traders said the offers in the tender were, in dollars per tonne, unless otherwise stated:

* Glencore 10,000 sunflower oil at $1295.00 and/or 10,000 sunflower oil at $1305.00 and 25,000 soybean oil at $1322.00

* Nidera 15,000 sunflower oil at $1284.34 and 30,000 soybean oil at $1280.00

* Toepfer 15,000 sunflower oil at $1284.00 or 18,000 sunflower oil at $1279.00

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