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Soybean meal drops 1,000 lbs and oil prices today
Soybean oil prices in the Egyptian markets declined today, with the price per ton dropping by 1,000 EGP for both raw, degummed, and refined soybean oil, reaching 59,000, 60,000, and 65,000 EGP respectively. Meanwhile, prices of other oils such as sunflower oil, corn oil, and "Olein" oil remained stable, ranging between 69,000 and 80,000 EGP per ton. Olein oil, widely used in the food industry and restaurants due to its features, is a derivative of palm oil and is used in cooking and frying. It is considered a pure vegetable oil.
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