Egypt: We produce 90% of sugar and the strategic stockpile exceeds 3 months, according to the Supply Minister

Published 2023년 1월 7일

Tridge summary

Egypt's sugar strategic reserve exceeds three months' worth, with production covering 90% of the country's consumption. The ministry plans to increase the reserve further with the ongoing cane crop supply and upcoming sugar harvest season. The cost of cane has risen this season to 1100 pounds per ton from 810 pounds due to high production costs and international prices. The government aims to balance production costs with profitable prices for farmers. The sugar harvest, which started in late December, is being conducted through three factories in different governorates.

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Original content

Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, confirmed that the strategic reserve of sugar exceeds three months, and that Egypt’s production of sugar reaches 90% of consumption, pointing out that the strategic reserve of sugar will increase, in light of the continuation of the cane crop supply operations, and the start of the sugar harvest season. Sugar beet harvest next February. The Minister of Supply and Internal Trade indicated that the price of a ton of cane was raised this season by 290 pounds to reach 1100 pounds, compared to 810 pounds last season. Supply rates, especially after the high cost of production inputs and international prices, stressing that these prices achieve a balance between the cost of production and making a profitable profit for farmers. The ...

Source: Akhbarelyom