Egypt: Sugar prices are down by 150 pounds per ton today in the local market

Sugar prices witnessed a decline among wholesalers in the local market, during today’s trading, Wednesday 11-5-2022, while the prices of glucose and food starch were stable, after witnessing a state of discrepancy between decline and stability yesterday. , with the escalation of the negative effects of the Russian-Ukrainian war on the market. Major General Osama El-Qadi, Governor of Minya, announced the start of the trial operation of the Canal Factory for sugar beet in Mallawi Center, where, last Monday, the season of supplying sugar beet began at a rate of 2,000 tons per day for the 2022 season, with a gradual increase in the rate to reach the target capacity of the factory with a total of 18,000 tons per day during the season 2022. As for the global markets, the prices of (raw) sugar futures witnessed an increase, in the morning session of trading today, Wednesday, on the New York Stock Exchange, and the (white) sugar futures jumped on the London Stock Exchange, at the time of ...