Egypt: An additional incentive is given to cane suppliers to encourage farmers to supply
Sugarcane
Published Feb 28, 2024
Tridge summary
The Ministry of Supply and Internal Trade is offering an additional incentive of 300 to 500 pounds per ton to sugarcane suppliers, on top of the basic supply price of 1,500 pounds per ton, to encourage increased supply and sugar production. The price for supplying a ton of sugar beets has also been raised from 1,500 pounds to a range of 1,900 to 1,350 pounds, factoring in the additional incentive for each ton supplied by beet farmers in the current season.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The Ministry of Supply and Internal Trade announced the disbursement of an additional incentive to sugarcane suppliers, at a value ranging from 300 to 500 pounds per ton, according to the quantities of cane supplied per acre, in addition to the basic supply price of 1,500 pounds per ton, in order to encourage farmers to increase supply rates, which contributes to increasing Sugar production. The Ministry of Supply and Internal Trade had announced the start of the 2024 sugar beet supply season to the sugar factories affiliated with the Holding Company for Food Industries, where 600,000 acres were cultivated during the current season in the governorates. According to Minister of Supply Decision No. 22 of 2024, the price of supplying a ton of sugar beets was increased from 1,500 pounds to range from 1,900 to 1,350 pounds, after adding the additional incentive for every ton supplied by beet farmers during the current season, with the aim of encouraging farmers to ...
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