2500 for sugarcane in Egypt; welcoming the Ministers’ approval to set a guide price for sugar crops

Published 2024년 8월 29일

Tridge summary

The Egyptian Cabinet has set the guide price for sugar crops for the 2025 season at EGP 2,500 per ton for sugar cane and EGP 2,400 per ton for sugar beets, as welcomed by Hussein Abdel Rahman Abu Saddam, agricultural expert and General Secretary of the Farmers Syndicate. This decision aims to meet farmers' demands and is in line with President Abdel Fattah El-Sisi's directives. The fixed price for sugar cane is expected to encourage farmers to supply more to government factories and reduce the sale of crops to juicers. The move is also predicted to boost sugar beet cultivation, potentially leading to Egypt's self-sufficiency in sugar and reducing the need for sugar imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Hussein Abdel Rahman Abu Saddam, agricultural expert and General Secretary of the Farmers Syndicate, welcomed the Cabinet's approval to set a guide price for sugar crops for the 2025 season. He pointed out that setting a rewarding guide price for sugar crops is a response to farmers' requests and in implementation of President Abdel Fattah El-Sisi's directives. Abdel Rahman added that the Cabinet today approved setting a price of EGP 2,500 as a guide price for a ton of sugar cane, subject to increase according to prices at the time of supplying the crop and not subject to decrease, as well as EGP 2,400 for a ton of sugar beets, which serves the interests of farmers and contributes to improving their income level. He pointed out that setting a guaranteed price for sugar cane before harvesting the crop encourages farmers to supply the largest possible quantity to government factories and limits the phenomenon of selling the crop to juicers. This satisfactory price also contributes ...
Source: Almalnews

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