Egypt: The increase in the prices of juices, chocolate, and sweets by 15%

Published Aug 27, 2021

Tridge summary

The article highlights a significant increase in the prices of juices, chocolate, and halva due to a surge in sugar prices in the free market. Hassan Al-Fandi, a member of the Chamber of Food Industries, has reported a notable rise in sugar prices from 7,400 to 8,500 pounds per ton, impacting the costs of food products, especially those with a high sugar content. The Chamber is addressing concerns regarding sugar availability and price stability, emphasizing the importance of maintaining market stability and preventing manipulation. Additionally, the article mentions the Chamber's role in organizing the "Ahlan Schools" exhibition, offering discounts of up to 25% for attendees.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Hassan Al-Fandi, a member of the Chamber of Food Industries in the Federation of Industries, said that the prices of juices, chocolate and halva have increased by between 15% and 17%, affected by the increase in sugar prices in the free market. In statements to “Akhbar Al-Youm” portal, Al-Fandi indicated that the price of sugar jumped from 7,400 to 8,500 pounds per ton in recent weeks, recording an increase of 1,100 pounds per ton for factories, which is reflected in the prices of food products, especially those that depend mainly on sugar. He added that the sugar market has witnessed great stability since the Corona crisis, especially in light of limited demand and calm markets for more than two years, which makes this crisis unusual. The Sugar and Sweets Division of the Chamber of Food Industries, headed by Dr. Mohamed Fawzy, held an emergency meeting last Tuesday, to discuss companies' concerns about the availability of sugar in the market during the past days. The head of the ...

Source: Akhbarelyom