Egypt plans Suez vegetable oils hub with Malaysia
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, citing the supply minister.
Ali Moselhi said 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.
Read also
Australia increased wheat exports by 20% in October
Palm oil prices fell by 5.4% despite lower forecasts for production, exports and s...
Ukrainian ports handled over 90 mln tons of cargo since the beginning of the year
Join with the EARLY RATE – 22 International Conference BLACK SEA GRAIN.EUROP...
Indonesia wheat, rice imports forecast to fall
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon