The Ministry of Supply in Egypt prepares to receive local sugar production season

Published 2024년 12월 17일

Tridge summary

The Ministry of Supply and Internal Trade is gearing up to purchase around 6 million tons of sugarcane for the 2025 harvest to produce local sugar, aiming to produce approximately 650,000 tons of sugar during the next season. Financial allocations for purchasing sugarcane are estimated at around 16 billion pounds, with additional costs for industrial operations. Farmers will receive incentives based on the yield of their crops, and the price per ton of sugarcane and beets has been set. The Ministry is also working in collaboration with the Ministry of Agriculture and relevant authorities to increase the cultivation areas for sugarcane and beets. Additionally, the Ministry is modernizing its sugar production factories to boost production efficiency and reduce reliance on imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Supply and Internal Trade is preparing to receive the 2025 sugarcane harvest season, targeting the purchase of about 6 million tons of the cane crop to produce local sugar. The local sugar production season will start next January, and companies affiliated with the Ministry of Supply will begin receiving the cane crop from farmers within days, while the sugar beet crop will be supplied in February 2025. The Ministry of Supply aims to produce about 650,000 tons of local sugar during the next season 2025, to reduce the gap between production and consumption. Read also | The Ministry of Supply announces its preparations for the upcoming sugar cane season 2025. The financial allocations for purchasing sugar cane this year are estimated at about 16 billion pounds, in addition to the cost of industrial operations, which amounts to about 7 billion pounds. The Ministry of Supply announced the disbursement of incentives to farmers at the rate of 50 pounds per ton of sugar ...
Source: Akhbarelyom

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.