A significant decline in the price of a ton of oil in the Egyptian market

Published 2022년 9월 21일

Tridge summary

The article reports a decrease in the market prices of some imported oils, with soybean oil and first oil experiencing the most significant drops. While other oils such as corn and refined oil have stabilized, the prices of crude soybean oil and sunflower oil have also fallen. However, the article also highlights concerns raised by a House of Representatives member, Mohamed Jibril, about the financial well-being of workers at the Oils for Extraction Company. This company, part of the Holding Company for Food Industries, is alleged to be underpaying its employees and has not implemented a government decision to include five bonuses in the basic wage. This situation has led to low employment and low wages compared to other companies within the holding company, creating a pay gap for its employees.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prices of some types of imported oils in the market witnessed a significant decline in the recent period, and its value reached 1200 pounds in the price of a ton for some types of them. Thus, the oil has continued the series of declines, after a period of recent increases in its prices, as a result of the increase in global demand for oil. Its various types. The first oil was one of the most prominent types whose prices declined during market transactions, as the ton lost 1200 pounds of its value, and thus recorded 35,300 pounds, after its price before this decline was 36,500 pounds, according to the indicative prices that had been revealed by the stock exchange. Soybean oil was also from Among the species whose prices declined during market transactions, recording a decline of 300 pounds per ton, to record the level of 34,200 pounds, after the price of a ton was equivalent to 34,500 pounds, while crude soybean oil was among the species whose prices stabilized, recording ...
Source: Ngmisr

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