Sunflower oil imports declined by 7% in July as market preferences continued to favor more competitively priced soyoil.
With an estimated investment of US$600 million, the plant is anticipated to begin operations by 2028
Despite the annual profit dip, net profit for the quarter surged by 42.3% to EGP 10.409 million (US$335,000).
Wilmar is set to assume full ownership of PZ Wilmar.
The snack will be available in mid-August.