Egypt's FIHC buys 12,000 T soy oil, cancels sun oil-trade

Egypt's state-owned Food Industries Holding Company bought 12,000 tons of soybean oil in a tender, a trader said on Tuesday.

The company cancelled its sunflower oil tender because of high prices, the Cairo-based trader said.

FIHC bought the oil from Alex Seeds at 6,400 Egyptian pounds ($1,058.58) a ton for arrival between Nov. 20 and Dec. 10.