Egypt: Sugar Annual
Post forecasts total sugar production in MY2016/17 to increase by 3 percent or 60,000 MT to 2.185 MMT from MY2015/16’s 2.125 MMT. The increase is attributed to an increase of five percent of sugar beet area. Total raw sugar imports in MY2016/17 are expected to drop by 6 percent or 50,000 MT at 800,000 MT. Imports are expected at 850,000 MT in MY2015/16 down by 35 percent or 450,000 MT from MY2014/15 imports, mainly from Brazil and the EU. The decrease in imports is a result of higher tariffs on raw cane and raw beet sugar from 2 percent to 20 percent, and from 10 percent to 20 percent on refined sugar imports.