Parliamentarians: The decision to raise sugar cane and sugar beet supply prices ensures food security in Egypt

Published 2024년 8월 31일

Tridge summary

The Egyptian government has announced an increase in the prices of sugar cane and sugar beet for the 2025 season to EGP 2,500 and EGP 2,400 per ton respectively. This decision, welcomed by parliamentarians, aims to encourage farmers to cultivate these strategic crops and ensure food security. The price increase is in line with the requirements and rising production costs, and is expected to result in a reasonable price for sugar while providing an appropriate profit margin for farmers. The decision was made in collaboration with the House of Representatives and follows the directives of President Abdel Fattah El-Sisi.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Parliamentarians welcomed the government's announcement to raise the prices of sugar cane supply to EGP 2,500 per ton and sugar beet to EGP 2,400 per ton, stressing that it is an important step to ensure achieving Egyptian food security. The Cabinet agreed during its meeting last Thursday to set the indicative prices for sugar crops for the 2025 season to be EGP 2,500 for the supply of a ton of sugar cane and EGP 2,400 for the supply of a ton of sugar beet. For his part, MP Hesham El-Hosary, Chairman of the Agriculture and Irrigation Committee in the House of Representatives and Rapporteur of the Agriculture and Irrigation Committee in the National Dialogue, said that the government's announcement during the Cabinet meeting to raise the prices of sugar cane supply to EGP 2,500 per ton and sugar beet to EGP 2,400 per ton is an important step that encourages Egyptian farmers to grow these strategic crops. Al-Hosary added, in his statements today, that the timing of the decision is ...
Source: Almalnews

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