Bloomberg News

Egypt’s FIHC Buys 16,000 Tons of Sunflower Oil at Tender

June 21, 2012

Egypt’s state-run Food Industries Holding Co. bought 16,000 metric tons of sunflower oil and 15,400 tons of soybean oil at a tender today, Abdel Sattar Soliman, the company’s vice chairman, said by phone from Cairo.

The company, also known as FIHC, purchased the sunflower oil at $1,124.44 a ton from Quadra, Soliman said. It bought 8,400 tons of the soybean oil from Wataneya and 7,000 tons from Alex Seeds, both quantities at 6,925 Egyptian pounds ($1,143) a ton, 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


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