Egypt renegotiates price for 100k tonne sugar purchase – traders

State-owned sugar buyer Egyptian Sugar and Integrated Industries Company (ESIIC) has renegotiated the price of its 100,000-tonne Brazilian raw sugar tender, traders told Reuters on Sunday.

The price that was contracted was $270 a tonne, traders said. On Saturday traders had said the supplier had originally intended to sell the sugar at $275 a tonne.