Egypt resumes sugar exports after 3-year hiatus

the Federation of Egyptian Industries. He said the decision was made in connection with growing pressure on local factories due to high operating costs and an excess supply of sugar on the domestic market. Given that domestic sugar stocks last for 10 months and the sugar beet harvest has already begun, the decision to export sugar will provide the necessary funds to finance the industries, both for government and private producers. The decision to export also comes as a ban on raw sugar imports is expected to expire at the end of this month, which could lead to a further oversupply ...