Global sugar prices fell today, and the ton recorded 552 dollars

게시됨 2022년 6월 22일

Tridge 요약

Global white sugar prices saw a decrease of 1.25%, with a ton now costing $552.60 after the sugar exchange started at $558 and closed at $559. This drop is attributed to various factors including the Russian-Ukrainian crisis, inflation, and the Federal Reserve's interest rate increases. The Ministry of Supply and Internal Trade in the local market has confirmed a significant reduction in the sugar consumption-production gap, achieving nearly 90% self-sufficiency, with efforts underway to reach 100%. The Delta Sugar Company is playing a key role in this self-sufficiency by continuing to receive beet crop for sugar production and maintaining a high sugar stock for extended periods.

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원본 콘텐츠

White sugar prices globally declined by 1.25% during trading today, Wednesday, 22nd of this June, and the price of a ton recorded 552.60 dollars, after the sugar exchange started trading at 558 dollars, after a previous close at 559 dollars. From the tension and confusion due to the Russian-Ukrainian crisis, the increase in inflation, in addition to the impact of the Federal Reserve’s decisions to raise the interest rate, and the fear of lack of supplies. On the local level, the Ministry of Supply and Internal Trade confirmed the existence of a good strategic reserve of all strategic goods, and white sugar, and that the gap had been reduced Between local production and consumption in a large way, and achieving self-sufficiency in sugar by almost 90%, and that work is underway to achieve complete self-sufficiency at 100%. EGP per kilo, due to the increase in local production and the achievement of self-sufficiency by 90%. It is worth mentioning that Dr. Ali Al-Moselhy, Minister of ...

출처: Akhbarelyom