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Egypt: Expectations of an increase in the prices of 8 food and agricultural commodities globally until next October

Egypt
Published Aug 17, 2021

Tridge summary

The global food commodities report issued by the Chamber of Food Industries in the Federation of Industries expected an increase in the prices of 8 food and agricultural commodities during the next two months, which are “raw sugar, wheat, unhulled rice, palm oil, soybean oil, coffee, cocoa, and refined white sugar”, while The price of yellow corn is witnessing a decline until next month.

Original content

The World Food Commodities Report issued by the Chamber of Food Industries in the Federation of Industries expected an increase in the prices of 8 food and agricultural commodities during the next two months, which are “raw sugar, wheat, unhulled rice, palm oil, soybean oil, coffee, cocoa, and refined white sugar”, while The price of yellow corn is witnessing a decline until next month. The report, which Amwal Al-Ghad obtained a copy of, indicated a decrease in the prices of refined white sugar last July, to record about 443.63 dollars per ton, compared to 443.65 dollars per ton during last June, while it rose at an annual rate of 18.6%, Expectations indicate that sugar prices will rise until next October to about 453.9 dollars per ton, according to the Information and Decision Support Center based on the London Stock Exchange. It recorded about $379.42, and it rose at an annual rate of 48.8%, and future expectations indicate a rise in its price until next October to about ...
Source: Amwalalghad
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