Egypt considers sugar trading on commodity exchange to boost transparency and Price stability

EGYPT – Egypt is considering the introduction of sugar trading on its commodity exchange as part of broader efforts to improve governance, transparency and price stability in the domestic market, according to the Ministry of Supply and Internal Trade. The proposal was discussed during a high-level meeting between Minister of Supply and Internal Trade Sherif Farouk, Minister of Agriculture and Land Reclamation Alaa Farouk, and Bahaa El-Ghannam, head of the Mostakbal Misr Authority for Sustainable Development. The talks focused on coordinating a strategy for the sugar industry to strengthen self-sufficiency in strategic commodities and secure the local market on a sustainable basis. Sherif Farouk said the sugar industry remains a priority strategic file for the state because of its direct impact on national food security. He noted that the government is working to develop affiliated companies and modernise production lines at sugar factories to raise output capacity and improve ...