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$1207.5
Soybean Oil — Chicago (CBOT)
$441
Soybean Oil — Dalian (DCE)
$744
Sunflower Oil — FOB Black Sea
$1,370
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NewsOils and Fats Sector Coverage

Egypt's Future Bureau Explores Sierra Leone Partnership on Palm Oil Imports and Refining

Fats and oils processing
August 20, 2026
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زيت النخيل أصبح وقودا لسيارات السباقات

In a strategic move aimed at bolstering food security and deepening cooperation with the African continent, Egypt's Future Bureau for Sustainable Development has begun taking practical steps to establish a development partnership with the Republic of Sierra Leone. The partnership is built around transferring Egypt's leading experience in agricultural development and food manufacturing, and opening new avenues for investment in palm oil imports and refining, helping to diversify sources of strategic crops and meet the needs of the domestic market. To learn more about Sierra Leone's palm oil production sector

High-Level Meetings

A delegation from the Bureau paid an official visit to Sierra Leone at the invitation of its government, holding a series of high-level meetings. The most notable of these was a meeting with His Excellency President Julius Maada Bio, President of the Republic of Sierra Leone. The meeting addressed ways to strengthen joint cooperation in key areas including agriculture, food manufacturing and logistics services, with particular focus on palm oil import and refining projects as a central pillar of future cooperation between the two countries.

Sharing Expertise And Supporting Development

President Bio praised Egypt's pivotal role in supporting development efforts across the African continent. For its part, the Future Bureau delegation affirmed its full commitment to transferring Egypt's distinguished national expertise in managing large-scale agricultural projects, developing food supply chains, and localising related industries in Sierra Leone.

A Strategic Vision For African Integration

This initiative forms part of the Future Bureau's ambitious plan to expand its regional partnerships in Africa and support economic integration among the continent's countries. These efforts aim to cement Egypt's position as a regional hub for food security and an active, influential development pole on the African continent.