Egypt Purchases 15,000 Tons of Soybean, Sunflower Oils

Food Industries Holding Co., a state- run Egyptian company, purchased 15,000 metric tons of soybean and sunflower oils today.

The company bought 6,000 tons of soybean oil from Alex Seeds for 6,700 Egyptian pounds ($1,115) a ton, Vice Chairman Abdel Sattar Soliman said by phone from Cairo. It also purchased 9,000 tons of sunflower oil from Toepfer International at $1,117 a ton.

Prices include freight costs, and the oils are for delivery between Jan. 10 and Jan. 31, Soliman said.

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.