Egypt plans Suez vegetable oils hub with Malaysia

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The ancient pyramids of Giza stand beyond the gardens of the Mena House hotel in Cairo. — File photo
The ancient pyramids of Giza stand beyond the gardens of the Mena House hotel in Cairo. — File photo

Published: Sun 2 Oct 2022, 6:48 PM

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.

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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. — Reuters


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