On Friday, the General Authority for Supply Commodities in Egypt issued a tender to import crude soybean oil for food purposes for shipment from May 5-25.
A source in the Supply Commodities Authority told Sky News Arabia that a session was held to open the envelopes on Tuesday afternoon, and the offer to import 80,000 tons of soy oil was settled.
The source added that the goal is to provide this strategic commodity in the local market at reasonable prices, after its prices witnessed significant increases during the current period, especially after the rise in the price of the dollar.
It is noteworthy that the Egyptian Supply Commodities Authority also launched a tender to supply local oil, and on Tuesday also contracted to supply 21,000 tons of local raw soy oil.
The Egyptian President, Abdel Fattah El-Sisi, had directed the government, especially the Ministry of Supply and Internal Trade, to work on creating stocks of strategic goods, for a period of 6 months.
The Ministry of Supply said that it is working to strengthen the country’s strategic balance of supply oil for a period sufficient for 6 months, despite the high price fluctuations of foodstuffs worldwide at the present time.
Egypt had also launched a tender to import frozen whole poultry and frozen chicken thighs, of modern production from origins approved by the Egyptian authorities.
The Supply Commodities Authority set the program for accessing the tender from April 3 to May 31, with a minimum of 1,000 tons for whole poultry, and 500 tons for chicken thighs, according to Egyptian standards.
The authority is expected to announce the result of the tender soon, after it had postponed the envelopes opening session earlier.
The prices of poultry meat in Egypt are currently witnessing a significant increase, so that the price of a kilo (Albaneh) extracted from poultry approached 100 pounds, after it was not exceeding 60 pounds on average.
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