Egyptian Government Extends Sugar Export Ban to Counter Rising Domestic Prices

The Egyptian government has extended the sugar export ban until March 30, 2024, in response to escalating sugar prices, which have reached USD 1.61 per kilogram (kg) in Dec-23. The decision aims to stabilize the domestic market, ensuring a reliable and affordable sugar supply for consumers. It reflects the government's dedication to addressing rising prices, protecting public interests, and maintaining economic stability.