Egypt's state-owned Sugar and Integrated Industries Company (SIIC) said on Monday it bought 90,000 metric tonnes of raw Brazilian sugar for arrival in August or September, according to Reuters.
SIIC bought 50,000 tonnes from Bunge at US$527.50 per tonne and 40,000 from Vitol at US$532.45 per tonne both on a cost, insurance and freight basis, a company official, who declined to be named, told Reuters.
BRAZIL: JOB sees sufficient ethanol stocks for stable prices
Kingsman sees 2012/13 surplus down 43% at 4.7 million tonnes
Macquarie says surplus may cut prices to 18 cents
Olam sees second year of surplus ahead
UAE: Al Khaleej to buy more sugar from India
Marex Spectron says prices will stay lower due to surplus
FO Licht ups sugar production estimate to 175.8 million tonnes
RUSSIA: Sugar production may fall to 4 million tonnes
BRAZIL: More cane to ethanol seen but not much
AUSTRALIA: Queensland Sugar sees potential to expand production
BRAZIL: JOB sees sufficient ethanol stocks for stable prices
Kingsman sees 2012/13 surplus down 43% at 4.7 million tonnes
Macquarie says surplus may cut prices to 18 cents
Olam sees second year of surplus ahead
UAE: Al Khaleej to buy more sugar from India
Marex Spectron says prices will stay lower due to surplus
FO Licht ups sugar production estimate to 175.8 million tonnes
RUSSIA: Sugar production may fall to 4 million tonnes
BRAZIL: More cane to ethanol seen but not much
AUSTRALIA: Queensland Sugar sees potential to expand production