Egypt begins receiving 550 thousand tons of Brazilian raw sugar for subsidized cards

Published 2024년 8월 12일

Tridge summary

The Ministry of Supply and Internal Trade in Egypt has received 450,000 tons out of one million tons of raw sugar from Brazil, worth $275 million. The remaining 550,000 tons is expected to be received in September and October. The sugar will be refined to produce white sugar and molasses for animal feed. The government supplies around 65-70 thousand tons of white sugar to companies each month, which is offered through over 40,000 outlets. The subsidized sugar price is 12.6 pounds on the card, with a maximum of two kilograms per person.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Supply and Internal Trade, represented by the General Authority for Supply Commodities, has begun receiving 550,000 tons of Brazilian raw sugar, worth $275 million, representing the remaining quantity of the deal it signed at the beginning of this year, which amounts to one million tons. It is noteworthy that raw sugar is refined to extract white sugar and molasses, which is used in the production of animal feed. Responsible government sources told Al-Mal that the past period witnessed the receipt of 450,000 tons of Brazilian raw sugar, which were supplied to factories that produced 423,000 tons of "packaged white" in "kilogram" packages for the benefit of ration cards. She added that the ministry will receive the new 550,000 tons of raw sugar in two batches, the first of which is 250,000 for the refining plant affiliated with the Sugar and Integrated Industries Company, with the aim of producing 235,000 tons of "packaged white" in "kilogram" packages and offering ...
Source: Almalnews

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