| Kippreport.com

Egypt’s Meditrade buys 11,000 tonnes of sunflower oil

July 3, 2012 5:18 by Reuters

Egyptian commodity purchasing enterprise Meditrade has bought 11,000 tonnes of sunflower oil for arrival between Aug. 6 and 27, a Cairo-based trader said on Tuesday.

Meditrade purchased the oil from Quadra at $1,142 a tonne, on a cost and freight basis, he said.

No soybean oil was purchased in the tender.

The trader said the following bids were made in dollars per tonne, including cost and freight, unless otherwise stated:

*Glencore: 30,000 tonnes soybean oil at $1,260 and/or 6,000 tonnes of sunflower oil at $1,161 and/or 6,000 tonnes of sunflower oil at $1,165

*Louis Dreyfus: 18,000 tonnes sunflower oil at $1,153.31 or 30,000 tonnes sunflower oil at $1,157.11

*Cargill: 15,000 tonnes sunflower oil at $1,171.5

*Quadra: 11,000 tonnes sunflower oil at $1,142 (Reporting By Maha El Dahan; additional reporting by Michael Hogan in Hamburg, editing by Jane Baird)

Tags: commodity purchase, Egypt, Meditrade, Oils, sunflower oil