Egypt: We can bridge the gap in sugar consumption locally, says Al-Badawi

게시됨 2024년 8월 8일

Tridge 요약

Egypt's Sugar and Integrated Industries Company is planning to operate 16 factories to produce both cane and beet sugar, with the goal of covering the country's sugar consumption gap. However, the company has been experiencing challenges due to decreased sugar cane supplies, which has led to imports. The high costs offered by other industries make it difficult for the Sugar Company to compete, resulting in unsustainable sugar prices for consumers. To address this, the company is collaborating with the Ministry of Agriculture to determine the purchase price for sugar cane for the next year, in order to maximize domestic production and reduce the need for imports.
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원본 콘텐츠

Major General Essam El-Badawy, Executive Managing Director and Chairman of the Board of Directors of the Sugar and Integrated Industries Company, affiliated to the Ministry of Supply, said that 8 factories have been developed to produce sugar from cane and beets, and aim to produce a quantity of sugar that covers the gap between production and consumption. El-Badawy indicated during press statements that Egypt has 10 factories for manufacturing local sugar from beets, and 8 factories for manufacturing sugar from cane. Read also | The Sugar Company honors the first beet farmers in Minya Governorate for the 2023/2024 season. He continued that one of the reasons for importing from abroad is the decline in sugar cane supplies, in light of competition with other industries, which can pay large and huge sums far from logic, and accordingly the Sugar Company cannot compete with other industries. If the purchase is made at the same price as competitors, the price of a kilo of sugar will ...
출처: Akhbarelyom

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