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Egypt launches vegetable oils trading hub in the Suez Canal area

Egypt launches vegetable oils trading hub in the Suez Canal area

Egypt is considering establishing a vegetable oils trading hub in the Suez Canal area in cooperation with Malaysia to supply palm oil, the state news agency (Mena) reported on Sunday. Ali Moselhi supply Minister of Egypt said that the complex would be a point at which to accumulate vegetable oils which could then be exported onwards. The supply minister also told Reuters on the sidelines of a press conference that Egypt was in talks with Malaysia to build palm oil tank farms. — Reuters

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