News

The price of edible oils in local markets of Egypt increased by 1,000 pounds per ton

Egypt
Market & Price Trends
Published Nov 26, 2023

Tridge summary

Economic reports show that the prices of edible oils in local markets have increased due to high demand in the global market, with the price per ton increasing by 500-1000 pounds. The prices of refined edible oil, corn oil, soybean oil, and sunflower oil have all seen significant rises. However, there has been a decline in the annual inflation rate for October 2023, with the decrease attributed to lower prices in cereal and bread, fruit, vegetable, alcoholic beverage, and medical products groups.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Written by: Hind Al-Nomani Economic reports recorded a new increase in the prices of edible oils in local markets, pointing out that this came due to a significant increase in demand for them in the global market, increasing the price per ton from 500-1000 pounds. Follow us on Al Falah Channel today Follow us on Al-Falah Today Facebook page According to the indicative prices on the commodity exchange, the price of a ton of refined edible oil rose by about 1,000 pounds, jumping from the level of 54 thousand pounds to 55 thousand pounds, and the price of a ton of corn oil rose to the level of 58 thousand pounds. The prices of refined soybean oil also rose by about 500 pounds per ton, jumping from the level of 57 thousand pounds to 57.5 thousand pounds, and the prices of sunflower oil increased to 58 thousand pounds. The prices of imported crude soybean oils rose to the level of 53.5 thousand pounds, while the price of a ton of removed soybean oil reached about 55 thousand in the ...
Source: Alfallahalyoum

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