Egypt's General Authority for Supply Commodities (GASC) purchased 50,000 tons of Brazilian raw sugar, GASC vice chairman Ahmed Youssef told Reuters.
GASC bought the sugar for US$491.50 per ton, Youssef said.
The sugar is sought for arrival between October 15-30.
Egypt plans to buy 450,000-550,000 tons of sugar in local and foreign markets to cover its needs until the end of February, a supplies ministry official said last week.
GASC received just four offers from two companies in the tender, held on last Saturday, before deciding to postpone its purchase decision until Sunday, traders said.
The winning offer was made by Union company, traders said.
The state buyer had originally scheduled the sugar tender for last month, but postponed it until Saturday after receiving limited interest, traders said.
Egypt Independent
6 September
Egypt buys 50,000 tons of Brazilian raw sugar
Egypt Independent
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