Egypt confirms safe strategic reserves, reviews sugar production plans
Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, confirmed on Sunday that the strategic reserve of sugar, along with other basic commodities, remains at safe levels and is sufficient for extended periods, ensuring stable supplies and the ability to meet citizens’ needs.
Farouk made the remarks during an expanded meeting to review developments in sugar production, plans to develop the industry, and measures to improve production and distribution efficiency in support of market stability and balanced supply and demand.
The meeting reviewed the current status of sugar production from various sources, availability indicators, and efforts by relevant entities to support the national industry.
Farouk said the ministry will complete payment of the remaining dues owed to sugarcane farmers next week, stressing that the move reflects the state’s commitment to supporting farmers and encouraging them to expand production as key partners in achieving food security.
The meeting also discussed ways to improve the efficiency of the sugar production system, develop manufacturing and distribution processes, and strengthen supply chains to increase local production, reduce waste, and enhance the competitiveness of the national industry.
Participants also reviewed sugar volumes offered through the Egyptian Mercantile Exchange (EMX) as part of efforts to evaluate trading mechanisms, improve market efficiency, support price stability, and maintain balance among market participants.
Farouk stressed the importance of continuing efforts to develop the sugar industry as one of Egypt’s strategic food industries, highlighting the need for coordination among relevant entities, higher production efficiency, and stronger supply chains to ensure the sustainable availability of sugar and strengthen food security.
The minister also directed continued monitoring of production and strategic stock levels, alongside expanding the adoption of best practices to develop the sugar industry and enhance its competitiveness for the benefit of farmers, producers, and consumers.