Sugar
The quantity would be mostly offered in subsidized prices in order to make up for the shortage the local market is enduring.
They will be processing sugar cane.
In the past few weeks, consumers have witnessed a significant surge in sugar prices, leading to LE 50 per kilo in certain locations, worsened by stockpiling. Some merchants decided to hoard sugar in anticipation of potential government price hikes
Segeny underscored that Egypt produces 85 percent of its production and that the five largest refineries are state-owned.
They will cost billions of pounds.
Trading on sugar is expected to begin on Thursday, Reuters cited Ibrahim Ashmawy, the head of the exchange as saying. He noted that the decision aligns with a governmental directive aimed at “regulating the markets of strategic and basic commodities.”
The Ministry of Supply and Internal Trade released a press statement Wednesday showcasing the plan for 2023.
GAFI's winning project is the Canal Sugar Company.
The production size already increased in FY2021/2022.
The first and second lines of the factory have been started with a production capacity of 18,000 tons of sugar per day, in preparation for reaching the maximum production capacities of about one million tons per year during the next year 2023.
The 200-feddan factory is set to use 900,000 tons of beet every year to produce 36,000 tons of sugar daily.
On his side, Minister of Agriculture and Land Reclamation Al Sayed al-Qusair added that the ministry works on improving the heredity of cattle in Egypt.
While a little bit of sugar is ok, you need to be careful if your sugar intake is too high. Here is how you can put an end to excessive sugar cravings.
If you are looking for a healthy way to satisfy your sweet tooth, we recommend you use date powder, a 100-percent healthy sugar.
The state seeks to fill this food gap by importing from abroad, and the competent authorities.
Egypt is expected to achieve self-sufficiency of sugar by 100 percent in 2022.
The decree stipulates not allowing the import of white and raw sugar for three months unless there is a prior approval from the ministers of trade and industry and supply and internal trade.
Abu Al-Yazid added during a TV interview that Egypt's current sugar production amounts to 2.7 million tons.
The cultivated areas for the current season of cane amounted to about 332,000 feddans of cane, and the Sugar and Integrated Industries Company is expected to produce about one million tons of white sugar.
Minister of Industry and Trade Nevine Gamea issued Tuesday a decree suspending white sugar imports for another three months.
