Egypt: The price of supplying sugar beets at a value of 1,000 pounds in the 2023 season
Sugar Beet
Egypt
Published Dec 22, 2022
Tridge summary
Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, confirmed that after the agreement between the ministry, the Ministry of Agriculture, and the leader of the parliamentary majority in the House of Representatives, the prices of supplying sugar cane have been increased to 1100 pounds per ton this year, and sugar beets to 1000 pounds per ton. This came during his meeting with the Sugar Committee, pointing out that the new prices of sugar cane and sugar beet took into account the increase in the prices of production inputs after the rise in global prices, and a review of international sugar prices for the last 3 months and a review of production requirements by the Ministry of Agriculture.
Original content
Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, confirmed that after the agreement between the ministry, the Ministry of Agriculture, and the leader of the parliamentary majority in the House of Representatives, the prices of supplying sugar cane have been increased to 1100 pounds per ton this year, and sugar beets to 1000 pounds per ton. This came during his meeting with the Sugar Committee, pointing out that the new prices of sugar cane and sugar beet took into account the increase in the prices of production inputs after the global price hike, and a review of international sugar prices for the last 3 months and a review of production requirements by the Ministry of Agriculture. Al-Moselhi added in a statement a while ago that the aim of the price increase this year came to strike the required balance between the cost of production as well as supply to achieve profitability for the farms. During the meeting, the Minister of Supply thanked President Abdel Fattah ...
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