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Cooking oil prices set to rise further

Prices of cooking oil are projected to hit a record high in the coming days amid shifts in international policies that have thrown global trade in limbo.

The latest hike in prices is attributed to a change of policy by Indonesia which is the world’s biggest producer of cooking oil.

Indonesia has limited the exportation of palm oil, a move that is already affecting the rest of the world and worsening the situation in Kenya.

Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.

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