Egypt: Consumption of chocolate and juice factories devour 800,000 tons of sugar annually

Published 2021년 9월 3일

Tridge summary

The article highlights the significant sugar consumption by chocolate, juice, and halva factories in Egypt, which accounts for about 25% of the country's total sugar consumption. The annual consumption ranges from 750 to 800,000 tons. The price fluctuations of sugar in the local market impact the prices of food products. The Sugar and Sweets Division within the Chamber of Food Industries is actively monitoring the sugar situation, collaborating with relevant ministries to ensure sugar availability for industrial use and price stability. The division emphasizes the need for market mechanisms and urges against protective measures that could affect supply and demand, calling for the prevention of market manipulation and practices harming the economy.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Hassan Al-Fandi, a member of the Chamber of Food Industries in the Federation of Industries, revealed that the factories of chocolate, juice and halva consume an amount ranging between 750 and 800,000 tons of sugar annually, at a rate of 25% of the total domestic sugar consumption. It is noteworthy that the volume of Egypt's consumption of sugar ranges between 3 and 3.2 million tons annually, of which 2.4 million tons are local production, and the difference is compensated by imports. Al-Fendi said, in statements to "Akhbar Al-Youm Gate", that sugar prices are witnessing a noticeable difference in local markets, which is reflected in the prices of food products, especially those that depend mainly on sugar. Read also: The Food Safety Authority rejects imported food messages because of the health certificate, and the Sugar and Sweets Division in the Chamber of Food Industries announced the continuation of communication between companies, the chamber, and the Ministries of Supply ...

Source: Akhbarelyom