Egypt: Production of 2,850 million tons of sugar annually and price stability

Published 2021년 6월 19일

Tridge summary

Egypt's Ministry of Supply and Internal Trade is working towards achieving self-sufficiency in sugar, as directed by President Abdel Fattah El-Sisi. The country's sugar production is currently 2,850 million tons, made up of 1.7 million tons from beets and 900,000 tons from cane, with an additional 250 thousand tons from corn. The gap between consumption and local production has been reduced to 350 thousand tons, down from over one million tons previously. The government has ensured that sugar prices for consumers will not increase, and that prices are stable despite high global prices. The strategic sugar reserve is sufficient to last at least six months. The government aims to achieve self-sufficiency of sugar by 85% this year, with a goal of 100% by 2022.

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Original content

The Ministry of Supply and Internal Trade confirmed that it is moving towards achieving self-sufficiency in sugar, according to the directives of President Abdel Fattah El-Sisi, explaining that Egypt’s production of local sugar amounts to 2,850 million tons, divided into 1.7 million tons of sugar from beets, and 900,000 tons of cane, in addition to To produce 250 thousand tons (glucose - and high fructose) of corn. The Ministry of Supply indicated that the gap between consumption and local production of sugar has now been reduced, as it does not exceed 350 thousand tons now, after it was exceeding one million tons earlier. Egypt’s annual sugar production is 3.2 million tons, stressing that the prices of supply sugar in consumer complexes will not increase, and that there is stability in the prices of sugar, whether local or imported despite its high prices globally, and this ...

Source: Akhbarelyom