CAIRO: Egypt’s state-owned Food Industries Holding Company bought 12,000 tons of soybean oil in a tender, a trader said on Tuesday.
The company cancelled its sunflower oil tender because of high prices, the Cairo-based trader said.
FIHC bought the oil from Alex Seeds at 6,400 Egyptian pounds ($1,058.58) a ton for arrival between Nov. 20 and Dec. 10.
