Egypt suspends white sugar imports for another 3 months

SourceEgypt Today
SectorEconomy
CountryEgypt

CAIRO – 8 September 2020: Minister of Industry and Trade Nevine Gamea issued Tuesday a decree suspending white sugar imports for another three months.   The decree exempts quantities that enter in drug manufacturing and that are approved by the Ministry of Health and Population. For crude sugar imports, only shipments approved by both the ministry and the Ministry of Supply and Internal Trade are allowed in the country.   The decision is aimed at protecting the national industry given sugar prices have declined globally after oil prices had been sent to dive. Local producers are expected to sell their stocks standing at 1.4 million over more than six months.   Minister of Supply and Internal ...read more...