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Monday, 5 September 2016

GASC buys 50k tonnes of sugar from Brazil for USD 24.58 mn

The General Authority for Supply Commodities (GASC) has bought 50k tons of Brazilian raw sugar at a price of USD 491.50 per ton at a total cost of USD 24.58 mn, a senior GSAC official told, Reuters yesterday. The move comes as part of the government’s plan to buy 450k-550k tons of sugar from the local and global markets to lock in supplies through February, a supply ministry source told the newswire.

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