Egypt: White sugar prices jump by about 350 pounds per ton in the local market today

Published 2022년 5월 12일

Tridge summary

Local market saw an increase in white sugar prices during Thursday's trading, while glucose and food starch prices remained stable. The National Factories and the Minister of Supply have directed sugar beet companies to continue receiving beet crops from farmers and pay dues on time. A sugar beet trial run is being conducted at The Canal Factory in Mallawi Center, Minya, with plans to increase production capacity. However, global raw and white sugar futures saw a decline in prices during Thursday's trading sessions in the New York and London stock exchanges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

White sugar prices rose at wholesalers in the local market during trading today, Thursday, May 12, while glucose and food starch prices continued to remain stable for the second day in a row, following the drop in glucose, last Tuesday. The National Factories, and the Minister of Supply directed sugar beet companies to continuously receive the beet crop from farmers until the end of the harvest season and pay their dues on time, and the regularity of local sugar production and its presentation to citizens, whether through the outlets of consumer complexes or ration cards as well as in the markets. It is worth mentioning that the trial run was conducted The Canal Factory for sugar beet in Mallawi Center in Minya, and began supplying sugar beet at a rate of 2000 tons per day, with the rate gradually increasing to reach the target capacity of the factory with a total of 18 thousand tons per day. Read also: Sugar prices are down 150 pounds per ton today in the ...
Source: Amwalalghad

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.