Egypt's Al-Tamween receives 5.1 million tons of cane from farmers

Published 2023년 3월 23일

Tridge summary

The Ministry of Supply and Internal Trade in Egypt has received 5.18 million tons of sugarcane from farmers since the start of the supply season, with the goal of reaching 8 million tons to produce 850,000 tons of sugar. So far, 551 thousand tons of white sugar have been produced and is being refined, packaged, and supplied to the Holding Company for Food Industries. The price of a ton of cane for the current season has increased by 290 pounds to 1,100 pounds, a decision aimed at encouraging farmers to increase supply due to high production costs and international prices. Farmers are paid within 15 days of supply, and the strategic sugar stock exceeds three months, covering 90% of Egypt's sugar consumption.

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Original content

The Ministry of Supply and Internal Trade - represented by the Sugar and Integrated Industries Company - received about 5,182,290 tons of cane from farmers, since the beginning of the crop supply season last December, until yesterday. It is noteworthy that the Ministry of Supply aims, during the 2023 supply season, to receive about 8 million tons of cane, to produce 850,000 tons of sugar. Major General Essam El-Din El-Budaiwi, head of the Sugar and Integrated Industries Company, said that the quantities received amounted to 5.7 billion and 519 thousand pounds, which were paid to farmers who supplied the crop to factories in the governorates of Upper Egypt. Al-Budaiwi added, in statements to Al-Mal, that about 551 thousand tons of white sugar were produced from the quantities of cane delivered from farmers, and it is being refined, packaged and supplied to the Holding Company for Food Industries. Al-Budaiwi added that he aims to supply quantities of packaged sugar from the current ...

Source: Almalnews