Egypt: The sugar crisis is fabricated, and there is no increase in the birthday cake

Salah Al-Abed, treasurer of the Cairo Chamber of Commerce and head of the Sweets Division, said that the sugar crisis in the markets is fabricated, as the distribution whales used to thirst the market about two or three months before the Prophet’s birthday candy season, to monopolize the product and raise prices on the sweets factories, explaining that the increase does not Exceeding 500 pounds per ton, at 50 piasters per kilo. He added that the prices of the Prophet’s birthday sweets will not witness any increase affected by the sugar crisis during the next season, as sugar is part of the production inputs and the increase in its prices is slight and therefore factories can absorb that increase, especially with a decrease The prices of some other production requirements such as chickpeas and peanuts, pointing out that the prices of nuts, especially almonds, hazelnuts and walnuts, are stable and have not experienced any increase in prices compared to last season. This year, in ...