Egypt's SIIC says buys 35,000 T sugar

Egypt's state-owned Sugar and Integrated Industries Company (SIIC) said on Wednesday it has bought 35,000 tonnes of raw sugar from Brazil for October shipment.

The SIIC official said the sugar was purchased from Bunge at the price of $747 a tonne, on a cost, insurance and freight(CIF) basis.

SIIC will look to buy more sugar once prices ease, the official said, without specifying a date for an upcoming tender.

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

SIIC had said on Sunday it cancelled a tender for 50,000 tonnes of sugar due to high prices.