Latest in Tag: sugar Highlight
Latest in Tag: sugar

Agricultural Bank of Egypt finances sugar beet farmers in Fayoum
Bank expands in financing contract farming to raise standard of living of small farmers, support strategic food industries: Alaa Farouk

Egypt to launch world’s largest sugar, strategic crops production project
Canal Sugar launches Phase I of 181,000 feddan reclamation scheme west Minya in collaboration with El Deiab for Land Reclamation

Trade Minister bans sugar imports for 3 months
Gamea said the decision aims to protect Egypt’s production of sugar from global price volatility, after the fall in oil prices and subsequent 30% decline in sugar prices

Delta Sugar sells beet sugar stocks worth EGP 1bn before end 2019
Export of 100,000 tonnes of molasses before year end: Farid

From alcohol to sugar: words with Arabic roots
While the integration of Arab migrants sparks ongoing debates, one thing is for sure: language-wise, Arabic is well rooted in Germany. Both English and German have many common words that stem from the language.Some words used in German and English are immediately identifiable as originating in the Arab Middle East, just think of harem or …

Al Ahly Holding signs $1bn deal with Al Ghurair Group, Murban to reclaim 180,000 feddan, establish world’s largest beet sugar factory
UAE investors contribute to 70% of project’s capital, worth EGP 5.4bn, Al Ahly Capital contributes to 30%

Egypt has six months worth of sugar reserves: minister of supply
Egypt has sufficient strategic sugar reserves equivalent to six months of consumption, Minister of Supply Aly Moselhy said on Monday. However, the minister did not specify the exact amount of these reserves. Last week, Egypt cancelled a tariff imposed last year on sugar exports, the Ministry of Trade and Industry said in a statement received …

Major agro-industrial sugar complex worth $1bn to be established in Egypt
Project to start production mid-2020

Sugar price downward trajectory extends as production rises
Profitability of mills likely to fall in 2018 amid weak demand

Parliament meeting to discuss lifting prices of sugarcane, wheat, postponed to December
Agriculture Committee to meet with agriculture and irrigation ministers for the price raise

Supply Ministry profits from poor people’s sugar
Government companies supply 85% of the production, 466% profit growth of Delta company

As raw commodity prices accelerate, food companies likely to reprice products
Milk powder prices hover around 5-years high, sugar rises 7.5% in 2 months

High prices affect the holy month of Ramadan in Egypt
The inflation affects the price of all products at the time of Ramadan

Egyptian sugar production to increase by 7% in MY 2017/2018: GAIN Report
The government increasing the supply price of sugarcane and beets will result in an expansion in total harvested areas to meet demands, according to GAIN

Ministry of Supply to increase oil, sugar prices on ration cards in February
The Ministry of Supply and the cabinet are considering substantial modifications to the ration system after the completion of the ration cards filtration by the end of January. The ministry raised the price of oil to EGP 12 instead of EGP 10, sugar to EGP 8 instead of EGP 7, and vegetable ghee to EGP …

Delta plans to increase sugar production to 300,000 tonnes in 2017
The company aims to benefit from the gap between supply and demand in the market, amid confidence that the sugar shortage will be over soon

High cost of importing, global price hikes are reason behind sugar shortage: ECA
The Egyptian Competition Authority conducted a market study to examine the reasons behind the scarcity of sugar in the market

Sugar: one more problem for Egyptians
Since the end of September, Egypt has been facing a remarkable shortage in sugar, pushing the commodity’s price upwards, while creating its very own informal market, and consequently, increasing the suffering of Egyptians. Egypt produced a total of 2.2m tonnes of sugar in 2015 and consumed 3.1m tonnes, creating a shortage of some 900,000 tonnes. …

Expansion plans will not be affected by transient sugar crisis: Edita
Company securing sugar needs through supply contract with private company, says chairperson Hani Berzi

Supply Ministry pumps sugar into consumer complexes, grocery stores to control market prices
Panic among citizens caused the crisis, which is mitigating: Supply Ministry

Chamber of Food Industries protests police raids on food factories, confiscation of sugar
The chamber rejects the prime minister’s decision to set profit margins, says the chairperson of the Chamber of Food Industries

Sugar, foreign currency shortages to push prices up in coming weeks
For more than a month, Egypt has been facing a crisis in supplying sugar, and for more than five years, the country had been facing problems due to a shortage in foreign currencies. The two problems are not easily solved, leading to doubts as to when the government will be able to fix them. One …

Court sentences shop owner that refused to sell sugar to 5 years in jail
The head of a consumer shop in Dokki withheld selling sugar to citizens, claim authorities

A government decision to revoke confiscation of Edita sugar is imminent: sources
Sources at Edita Food Industries said they expect a government decision revoking the confiscation of 2,000 tonnes of sugar found at the company’s factory in Beni Suef within hours. The sources explained that the public prosecutor has not yet made a decision to revoke the sugar confiscation. They noted that the company reached out to …

Sugar shortage crisis intensifies, government announces provision of 50,000 tonnes to supply demand
The Ministry of Supply and Internal Trade announced that it would provide 50,000 tonnes of sugar to meet the market’s demand. The step comes days after the Egyptian market began to witness a growing shortage in the supply of sugar . Prime Minister Sherif Ismail said yesterday in a press release that the government contracted …

Sugar prices stabilise in the local market despite global volatility: Ministry of Supply
The Sugar Committee, headed by Minister of Supply and Internal Trading Khaled Hanafy, decided to maintain the stability of sugar prices in ministry outlets and in private sector markets despite the global volatility of prices in order to provide sugar at low prices for citizens, especially low-income citizens, and to increase its strategic reserves of …

Egypt to impose EGP 900 fee on sugar exports until year’s end: industry minister
This decision will secure the needs of the local sugar market, says Qabil

Sugar prices up from EGP 4,150 to EGP 4,500 per tonne
Egyptian Sugar and Integrated Industries Company was requested to clearly announce its prices

ESIIC registers EGP 5.8bn in revenues, brands its product for exportation
The sugar manufacturer will start exporting its products to Kenya

Egypt cancels protection fees on sugar imports days after raising customs
Decision prevents local factories from controlling prices after raising customs, says state official