5-Egypt's Sweet Solution Massive Sugar Import To Stabilize Prices

1. Egypt's Sweet Solution: Massive Sugar Import To Stabilize Price Egypt's Sweet Solution: Massive Sugar Import To Stabilize Prices s Egypt is bracing for a significant influx of raw sugar, so it is a story of sweet anticipation. The country recently signed an agreement to import 170,000 tons of the sweet commodity, signaling a determined effort to stabilize prices and meet domestic demand. This action follows a recent price increase that caused concern among citizens. However, the government assures that the situation is under control and that the price increase is due to distribution and trading practices rather than a production crisis. Tradologie.com is a next-generation transaction-oriented, SaaS platform for B2B commodities that connects bulk buyers and bulk sellers of primarily branded food and agro-commodities who have been registered and verified on a global scale by the company. Sugar producers and bulk sugar sellers can easily get the best price here if they sell sugar in bulk while bulk sugar buyers can buy sugar in bulk from vendors across the globe. This is all done directly as there are no middlemen involved in the process and the company facilitates the entire process. Egypt: Avoiding A Sugar Crisis Within a week of the arrival of the imported raw sugar, according to Dr. Ali El-Moselhi, Minister of Supply and Internal Trade, the crisis surrounding the free market sugar price increase should be resolved. The encouraging news is released at a time when Egypt's strategic sugar reserve is expected to be adequate until April 2024, with plans to replenish the supply system with 65,000 tons of sugar

2. permonth. The stance taken by the government seeks to guarantee that sugar, a necessary component of many Egyptians' diets, does not runs out. Sugar Processing and Distribution 150,000 tons of the 170,000 tons of imported raw sugar are going to be refined at plants in Hawamdiya to make white sugar, and the remaining 20,000 tons are going to be refined at factories in Gerja and Qus. A total of 150,000 tons of raw sugar have been delivered to the Sugar and Integrated Industries Company in Hawamdiya in order to satisfy local demand. Production firms, beet factories, and wholesale trade companies will split up the produced sugar quantities. The Supply Directorate in each province oversees the distribution, guaranteeing appropriate pricing and distribution at the 3,000 establishments taking part in the initiative of price reduction. Upcoming Supply and Customer Reaction In the future, Egypt anticipates that sugar beet and cane harvests will begin in January and February 2024, supplementing imported sugar. In addition, the nation intends to receive an extra 50,000 tons of raw sugar this month and an additional 100,000 tons prior to the start of the sugar cane harvest season. Out of the 450,000 tons of annual imports, the contracted total for the fiscal year 2023–2024 is 320,000 tons. The government has asked people to report any price violations and to hold off on visiting participating outlets too soon because there is enough sugar available. Ten large retail chains, four sheds in Manshiyat al-Qanatir, six local council locations, and more than ten mobile cars are all involved in the project. If you are a sugar importer wishing to import sugar in bulk or a sugar exporter willing to export bulk sugar, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-trade across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.