Egypt: The increase in the prices of juices, chocolate, and sweets by 15%

Hassan Al-Fandi, a member of the Chamber of Food Industries in the Federation of Industries, said that the prices of juices, chocolate and halva have increased by between 15% and 17%, affected by the increase in sugar prices in the free market. In statements to “Akhbar Al-Youm” portal, Al-Fandi indicated that the price of sugar jumped from 7,400 to 8,500 pounds per ton in recent weeks, recording an increase of 1,100 pounds per ton for factories, which is reflected in the prices of food products, especially those that depend mainly on sugar. He added that the sugar market has witnessed great stability since the Corona crisis, especially in light of limited demand and calm markets for more than two years, which makes this crisis unusual. The Sugar and Sweets Division of the Chamber of Food Industries, headed by Dr. Mohamed Fawzy, held an emergency meeting last Tuesday, to discuss companies' concerns about the availability of sugar in the market during the past days. The head of the ...