Meeting of the Division of Oils and Vegetable Fats

The Oils and Vegetable Fats Division of the Chamber of Food Industries organized its first meeting in the new session headed by Eng. Zakaria El-Shafei, where the meeting dealt with the current position of the oils industry and the efforts made by the Chamber in following up on the availability of raw materials and production requirements for the food industry sector, A proposal for the decision of the Chairman of the National Food Safety Authority regarding The mechanism of circulation of food oils, fats, and grease during and after their use, with the aim of cooperation in assisting the state in protecting citizens and manufacturers from reselling used oils and the safe disposal of factory waste through selling to licensed entities affiliated with the Food Safety Authority.
Eng. Zakaria El-Shafei, said that the sector witnessed a somewhat breakthrough in providing dollars for the exit of food commodities from oil raw materials from the ports and to meet some of the factories’ needs to a large extent.
He pointed out that the Prime Minister promised the immediate release of goods from the ports and gave priority to securing dollar credits for some industries, including the oil industries, as providing the dollar for the oils and packaging industries is the most important and main factor for market stability with the availability of supply, especially since Egypt imports the bulk of the consumption of edible oils. The annual consumption volume is estimated at 2.4 million tons, indicating that factories must procure about $300 million annually to provide 200,000 tons of edible oils.
The meeting was attended by a large number of representatives of the chamber’s member companies, and the members’ proposals on the current checklist, procedures for customs release of food oils to the authority, and binding technical rules for maximum limits of trans fatty acids in food were discussed.