Shipment was sought to the Russian port of Novorossiysk within 30 days after the opening of a letter of credit for the purchase. Bidding deadline was March 15.

As earlier reported, the Uzbek government adopted a resolution on purchase of 50,000 tonnes of soy-bean annually. The resolution was signed by the Uzbek President Islam Karimov on 22 July 2009.

The document said soy-been will be purchased on tender among Brazilian soy-bean suppliers. Soy-bean imported from Brazil within 2009-2013 will be exempted from custom duties.

The purchase of soy-bean will be financed due to loans of commercial banks in national currency, issued at 8% APR to edible oil producers of Uzbekistan.

The resolution said soy-bean, imported from Brazil, will be processed at the largest edible oil producers, list of which was approved by the document.

Ferghana Yog Moy and Urgench Yog will process 10,000 tonnes of soy-bean each annually, while Asaka Yog and Guliston Yoq Extrtakt will process 7,000 tonnes of soy-bean each a year. Toshkent Yog Moy Kombinati and Koson Yog Moy will receive 5,000 tonnes of soy-bean each annually and Kattakurgan Yog Moy will get 6,000 tonnes of Brazilian soy-bean.

Edible Oil and Fat and Food Industry Association was entrusted to realize edible oil, produced from Brazilian soy-bean, through commodity exchanges. It said 90% of soy-bean waste will be realized to large specialized poultry enterprises through closed exchange trades and other 10% through direct agreements to producers of forage.