Sugar prices in Egypt have jumped by 26% in a month to reach EGP 24,000 per tonne from EGP 19,000 in the first week of July, said Hassan Al-Fendi, head of the Sugar Division at the Federation of Egyptian Industries (FEI), reports zawya.
The sugar consumption in the country is more than 3.2 million tonnes as against the domestic production of 2.8 million tons annually.
The General Authority for Supply Commodities (GASC) has agreed to import 150,000 tons of raw sugar from Brazil that would arrive next September and October, informed the Ministry of Supply Ali Moselhi.
The strategic sugar reserve is sufficient till February 2024, he said.
