Egypt cancels sugar tender due to high prices

Reuters, Sunday 11 Sep 2011

Egypt's state-owned Sugar and Integrated Industries Company said on Sunday it cancelled a tender to buy 50,000 tonnes of raw sugar due to high prices.

"We will review the situation when market prices improve," a SIIC official told Reuters.

The tender was for September, October and November shipment.

Egypt last bought sugar on August 8 when it purchased 50,000 tonnes from Brazil for October and November shipments.

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