The Egyptian government has stated that it will continue the ban on sugar import for more three more months.
Trade and Industry minister Nevine Gamea said, “Sugar reserves in the country are estimated at 1.4 million tonnes and are sufficient to cater the need of the consumers for six more months.”
The white sugar used for the pharmaceutical industries has been excluded from the import ban. The decision has been taken to protect the local industry from the volatility of sugar prices at the global level.
The country had put a ban on sugar import in the month of June.
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