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Today, Egyptian markets experienced a significant increase in soybean oil prices, with some types surpassing the 60,000-pound mark per ton, representing an increase of between 1,000 and 2,000 pounds compared to previous days. The rise in raw oil prices, especially refined and degummed soybean oil, reflects growing demand or market disruptions, while the prices of sunflower, corn, and blended oils remained stable. Degummed soybean oil reached 60,000 pounds per ton, refined soybean oil rose to 65,000 pounds, and monounsaturated oils also hit 65,000 pounds. The importance of monounsaturated oils in the food industry and restaurants is highlighted by their distinctive properties in cooking and color.
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