Egypt’s FEDCOC expects sugar prices to fall on weaker dollar demand

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Federation of Egyptian Chambers of Commerce (FEDCOC) sees a significant fall for sugar prices in the local market in three weeks.

The market will witness a drop in the sugar prices starting from next week, FEDCOC chairman Ahmed El-Wakeel said in an interview with local TV channel on Monday.

“Other basic commodities will also see a similar fall in the coming three weeks on weaker dollar demand from importers.” El-Wakeel added.