Bloomberg News

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

February 07, 2012

(Updates with vendors in second paragraph.)

Feb. 7 (Bloomberg) -- 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.

--Editors: Dan Weeks, Sharon Lindores.

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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