Egypt purchases 250k tons sugar

Egypt has taken decisive steps to address its growing domestic sugar shortfall by purchasing 250,000 tons of raw sugar, as confirmed in a statement from the Cabinet on Sunday.

This transaction is part of a broader strategy to strengthen the nation’s sugar reserves, with a total purchase amounting to 750,000 tons.

This proactive measure underscores Egypt’s commitment to mitigating potential shortages and ensuring stability in its sugar supply chain.

According to the Middle East News Agency, Egypt’s sugar output reached 2.8 million tons in 2023, while consumption was around 3.1 million tons. Moreover, the shortage ranged between approximately 300,000 and 400,000 tons.

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