Egypt: Farmers' Union calls on government to raise sugarcane and beet supply prices

Published 2024년 8월 13일

Tridge summary

The General Syndicate of Agricultural Farmers in Egypt is urging the government to increase the prices of sugarcane and beets provided by farmers due to the high costs of agriculture and the need to align with global prices. The syndicate emphasizes that these crops, with high expenses for cultivation, are not as profitable as short-term crops. The cost of sugarcane cultivation exceeds the selling price, and there is a gap between the country's sugar production and consumption, with around 8,000 acres less of sugarcane cultivation in Luxor. The syndicate also requests an incentive package for farmers to shift from traditional sugarcane planting to modern seedlings and support for farmers to improve profitability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The General Syndicate of Agricultural Farmers called on the government of Dr. Mostafa Madbouly, Prime Minister, represented by the Ministry of Supply and Internal Trade, to raise the prices of supplying sugarcane and beets, due to the high cost of agriculture and keeping pace with global prices to encourage farmers to supply. Nubi Abu Al-Loz, Secretary-General of the Farmers Syndicate, said that the farmer bears high costs in growing sugarcane and beet crops, which requires the government to reconsider increasing the supply price, as these crops are long-term crops on agricultural land, while short-term crops achieve high profitability, and a lower duration and costs in agriculture. The Secretary-General of the Farmers explained, in his statements today, Tuesday, that the sugar cane crop is one of the expensive crops for the farmer, as the cost of an acre exceeds 50 thousand pounds, between cuttings, fertilizers, and irrigation, and the crop is sold on the ground for about 60 or ...
Source: Almalnews

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