Arab Finance: The General Authority for Supply Commodities (GASC) has launched a tender to purchase 50,000 tons of raw cane sugar and/or 50,000 tons of refined white sugar of any origin, Ministry of Supply and Internal Trade announced on January 1st.

The tender was unveiled on behalf of the Holding Company for Food Industries (HCFI), represented by the Egyptian Sugar and Integrated Industries Company.

Payments shall be at sight via funding from the International Islamic Trade Finance Corporation (ITFC).

Additionally, offers must be made on a cost, insurance, and freight (CIF) free-out basis in EGP or USD.

The deadline for submitting technical and financial offers is January 6th, GASC added.

GASC said that it would only consider offers submitted for arrival from February 20th to March 5th, and/or March 6th to 20th.

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