Egypt’s FIHC Buys 24,000 Tons of Sunflower Oil, Traders Say

Food Industries Holding Co., a state- run Egyptian commodities buyer, purchased 24,000 metric tons of sunflower oil at a tender, according to two traders involved in the transaction.

FIHC bought two 12,000-ton cargoes from Toepfer International and Nidera Inc. at $1,132.45 a ton, including cost and freight, for arrival between March 10 and 31, according to the traders. They spoke on condition of anonymity because they lack permission to speak to the media.

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.

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