Egypt plans massive sugar production in current season

Sugar

Egypt

Market & Price Trends

Published Mar 19, 2024

Tridge summary

In response to the country's sugar crisis, Egypt plans to produce approximately 140,000 tonnes of sugar during the current local sugar beet season. The Ministry of Supply and Internal Trade has started receiving sugar beet crops from farmers at the Abu Qurqas sugar factory, with a goal of receiving nearly 1 million tonnes throughout the season. To encourage farmers, the ministry has announced additional incentives per ton of sugar beet delivered to state-owned factories.

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Original content

Egypt plans to produce about 140,000 tonnes of sugar during the ongoing season of local sugar beet supply, aiming to put an end to the long-standing sugar crisis affecting the country. It is reported by egypttoday. The Ministry of Supply and Internal Trade announced on Saturday that it has commenced the reception of sugar beet crops from farmers at the Abu Qurqas sugar factory, one of Egypt’s major sugar production facilities located in the Minya governorate of Upper Egypt. The ministry aims to receive nearly 1 million tonnes of sugar beet throughout the current season, which extends until August. During this season, farmers have cultivated around 600,000 tonnes of sugar beet in various governorates. Essam El-Din El-Bedewy, Chairman of the ministry-affiliated Egyptian Sugar and Integrated Industries Company (ESIIC), anticipates that the sugar crisis will be resolved within the next two weeks as sugar production from sugar beet increases across various factories. El-Bedewy stated ...

Source: UkrAgroConsult