Egypt: Edible oil prices are rising in the local market today

Edible oil prices rose today, Tuesday, May 10, 2022, at wholesalers, after they stabilized more than two weeks on their purchasing value. The price of palm oil became the most expensive among the four major edible oils for the first time, as buyers rush to secure alternatives to shipments of sunflower oil from the largest exporting region In the Black Sea, which was disrupted by the Russian invasion of Ukraine. In the global markets, palm oil and Malaysian olein contracts fell by about $30 at the start of trading Tuesday, May 10 in the Malaysian Stock Exchange. Read also: The prices of the first oil are rising by 1000 pounds in the local market today The price of olein oil has increased by about 3,500 pounds per ton in the local market today Refined soybean oil prices increased in the local market, to record the purchasing value of 35,000 pounds per ton. Also in the Egyptian market, the price of a ton reached 37 thousand pounds. The prices of ...