Egypt: Prices of corn and sunflower oil decreased by 2,000 pounds today in the local market

Published 2022년 4월 11일

Tridge summary

On April 11, 2022, the local market saw fluctuations in edible oil prices, with corn oil and sunflower oil prices decreasing, while soybean and olein oil prices remained stable. Palm oil stood as the most expensive among the four main edible oils due to disrupted sunflower oil shipments from the Black Sea's largest exporting region, caused by Russia's invasion of Ukraine. Buyers are seeking alternative sources for processed soybean products. Globally, palm and olein oil futures contracts saw an increase on the Malaysian Stock Exchange, whereas consumer oil prices remained stable. The prices of corn oil and refined sunflower oil also experienced a decrease in the Egyptian market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prices of edible oils varied in their purchasing value during the trading of Monday, April 11, 2022, in the local market for wholesalers, as the prices of corn oil and sunflower oil decreased, while the prices of soybean and olein oil stabilized at their recorded value yesterday.Palm oil became the most expensive among the four main edible oils For the first time, buyers are rushing to secure alternatives to shipments of sunflower oil from the Black Sea's largest exporting region, which have been disrupted by Russia's invasion of Ukraine. for processed soybean products. Read also: The price of olein oil has increased by about 3,500 pounds per ton in the local market today Soybean oil prices rise by about 1000 pounds in the local market today On the global market front, the prices of palm and olein oil futures contracts rose on the Malaysian Stock Exchange, at the beginning of trading on Monday. Refined soybean oil prices stabilized in the ...

Source: Amwalalghad