Supplying 315,000 tons of cane and producing 31 tons of sugar in Egypt

Published 2023년 1월 8일

Tridge summary

The Ministry of Supply and Internal Trade in Egypt has announced an increase in the supply of cane crop to 315,000 tons for the factories of the Sugar and Integrated Industries Company, leading to the production of approximately 31 tons of sugar. The ministry stated that Egypt's sugar production reaches 90% of consumption, with a strategic sugar reserve exceeding three months. The head of the Sugar and Integrated Industries Company noted that the cost of supplying sugar cane is reasonable compared to other cultivation costs. However, there has been a slight decrease in the cultivated cane area compared to the previous season. Canetakers have pledged to meet the state's required cane production, and farmers expect better income with the increased supply price.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Supply and Internal Trade announced an increase in the rate of supply of the cane crop to 315,000 tons for the factories of the Sugar and Integrated Industries Company, where about 31 tons of sugar were produced. Dr. Ali Al-Moselhy, Minister of Supply and Internal Trade, said that the support provided to cane farmers continues to facilitate the supply process, noting that all sugar factories continue to work day and night to receive the strategic crop from farmers. Al-Moselhy confirmed that the strategic reserve of sugar exceeds three months, and that Egypt's sugar production reaches 90% of consumption, saying that the reserves will increase, especially with the continuation of the supply of cane crops, in addition to the start of the sugar beet harvest next February. For his part, Major General Essam El-Din El-Budaiwi, head of the Sugar and Integrated Industries Company, said that the cost of supplying a ton of sugar cane at EGP 1,100 per ton is not high in light ...

Source: Almalnews