Egypt: The sugar crisis is fabricated, and there is no increase in the birthday cake

게시됨 2021년 8월 23일

Tridge 요약

A recent article addresses concerns over a perceived sugar crisis in Egypt's markets, revealing it to be orchestrated by large distributors aiming to monopolize the product and hike prices ahead of the Prophet’s birthday candy season. However, the impact on sweets prices will be minimal, with an increase of no more than 500 pounds per ton, equivalent to 50 piasters per kilo. Despite this, consumers are facing challenges due to rising costs and the upcoming school year. The article also highlights the fluctuation in sugar prices in the local market and calls for the implementation of fixed pricing and labeling to curb manipulation and ensure price stability. Egypt's sugar consumption varies between 3 and 3.2 million tons annually, with 2.4 million tons sourced locally and the rest imported.

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원본 콘텐츠

Salah Al-Abed, treasurer of the Cairo Chamber of Commerce and head of the Sweets Division, said that the sugar crisis in the markets is fabricated, as the distribution whales used to thirst the market about two or three months before the Prophet’s birthday candy season, to monopolize the product and raise prices on the sweets factories, explaining that the increase does not Exceeding 500 pounds per ton, at 50 piasters per kilo. He added that the prices of the Prophet’s birthday sweets will not witness any increase affected by the sugar crisis during the next season, as sugar is part of the production inputs and the increase in its prices is slight and therefore factories can absorb that increase, especially with a decrease The prices of some other production requirements such as chickpeas and peanuts, pointing out that the prices of nuts, especially almonds, hazelnuts and walnuts, are stable and have not experienced any increase in prices compared to last season. This year, in ...

출처: Akhbarelyom