Egypt Faces Surge in Sugar Demand in Nov-23 as Suppliers Withhold Stock to Drive Prices Up

In Egypt, there is a surge in demand for sugar as suppliers are withholding stock to drive up prices. Despite the international decrease in sugar prices, local suppliers are manipulating the market by limiting availability. In response, the government is taking measures to purchase a substantial stock of sugar to prevent shortages in the market and counteract a potential decrease in prices.