Egyptian consumer complexes pump 300T of sugar daily to ease crisis

Egypt-based Nile and Al-Ahram consumer complexes companies have pumped 300 tonnes of sugar daily into local market within the last two days to face current sugar crisis .

Speaking to Amwal Al Ghad Monday, Adel El Khatib -chairman of Nile and Al-Ahram firms- asserted that all branches of the two companies sell sugar at the price of 5 Egyptian pounds per kilo.

Nile and Al-Ahram companies are affiliates of the state-owned Food Industries Holding Company (FIHC).

On Sunday, supply minister Mohamed Ali Al-Shikh announced that Egypt’s strategic reserves of sugar are safe and sufficient until February 2017.

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