U.S. Soybean Oil Positioned to Retail in Egypt
- General News
USSEC met recently with Sila Edible Oils Company, an Egyptian crushing facility with a capacity of 200 tons/day and an adjacent refinery with a capacity of 120 tons/day. The company is located in the city of Fayoum, 81 miles southwest of Cairo.
Sila was originally established to crush and refine local sunflower seed for oil as local production dropped and imports of sunflower seed were not economical. When the volume to value of transporting sunflower seed was deemed not economical, the company's profit margins slowly eroded. Under new management, Sila has started to transform its crush capacity to soybeans and outsource sunflower oil for refining. Based on pure economic feasibility, Sila is re-launching its brand to retail soybean oil in the Egyptian market.
USSEC is confident that Sila is committed to the commodity and that the company will favor soybean of U.S. origin.