The sugar price crisis affects some of the poorest countries in Africa

Cairo - Masrawy: The crisis of high sugar prices was not limited to the Egyptian markets only, on the African continent, but also affected some other countries in Rwanda, Uganda, Kenya and Tanzania. Bloomberg Network said, in a report, that the significant rise in sugar prices is affecting some of the poorest countries in Africa in particular, forcing families and restaurants to abandon the use of the basic ingredient in local diets. Disappointing harvests from some of the world's largest producers pushed wholesale prices near their highest levels in more than 12 years in September, she added. She noted that while this adds to ongoing inflationary pressures around the world, African countries are particularly vulnerable amid heavy reliance on sugar imports and a shortage of US dollars. Egypt has witnessed a significant rise in sugar prices in recent weeks, with the price of a kilo reaching about 40 pounds in the markets. Hazem El Menoufy, a member of the General Foodstuffs ...