Egypt: Egypt’s Farmers Extract from the Government Higher Sugarcane Procurement Prices

  |   Attaché Report (GAIN)

On January 21, 2018, the Egyptian government gave Upper Egypt sugarcane farmers a financial boost. The government is raising its sugarcane procurement price to EGP 720/MT ($40.5/MT), up from EGP 620/MT ($34.9/MT). The procurement price increase will assist farmers to offset higher production costs, encouraging them to continue planting sugarcane. According to Minister of Supply and Internal Trade Dr. Aly Moselhy, increasing the procurement price may cause a slight increase in the industrial costs of refining and producing sugar. However, any increases will be subsidized by the government in order to keep the price of refined sugar stable in the local market at EGP 9.5/Kg.

Egypt: Egypt’s Farmers Extract from the Government Higher Sugarcane Procurement Prices

 

Egypt, Near East
Sugar

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