Trade Minister bans sugar imports for 3 months

Trade Minister bans sugar imports for 3 months

Gamea said the decision aims to protect Egypt's production of sugar from global price volatility, after the fall in oil prices and subsequent 30% decline in sugar prices. Minister of Trade and Industry, Nevine Gamea, has issued a decision banning white sugar imports for a period of three months.. The decision has also banned raw sugar imports, except with certified approval by the Ministry of Supply and Internal Trading.. Minister of Supply and Internal Trading Ali Meselhi noted that there has been a significant increase in sugar imports and stockpiling by local companies in the past period.. highest rate to buy US Dollar. lowest rate to sell US Dollar.