Sugar prices in Egypt have shown relative stability, with sufficient availability in various markets and outlets. The average price of packaged sugar is around 35.10 pounds per kilogram, according to basic commodity price data. This stability comes as the government continues to monitor markets and ensure the availability of essential goods for citizens.
The Egyptian government is actively working to control markets and guarantee the availability of basic goods, including sugar, which is a strategic commodity of great interest to citizens. With over 40,000 outlets across the country, ration supplies for September are being distributed regularly. This has contributed to maintaining stability in sugar prices.
The stability of sugar prices can be attributed to a balance between supply and consumption rates, reflecting calm market movement in both wholesale and retail markets without significant changes. As a strategic commodity, sugar is closely watched by citizens and markets due to its direct impact on household budgets and various food industries.
Current sugar prices in Egypt range approximately around 35 pounds per kilogram, with some outlets selling packaged sugar for about 37.75 pounds per kilogram. The subsidized sugar price remains at 12.60 pounds per kilogram, with regular distribution in markets. Additionally, the free market sugar within additional quotas is priced at around 28 pounds per kilogram.
In the wholesale market for packaged sugar (1 kg packets), a ton is priced at 29,600 pounds, with steady demand and sufficient quantities to cover local market needs. This stability results from ongoing government efforts to control the sugar market, increase supply regularly, and monitor trading activities.
Egyptian Minister of Supply, Dr. Sherif Farouk, emphasized the ministry's priority to develop industries related to sugar and maximize economic returns from its assets and resources. He highlighted the importance of utilizing by-products and industry waste to achieve economic sustainability and increase the added value of local products.
The Egyptian government is committed to maximizing the use of available resources and converting by-products and waste into high-value-added industries, supporting national industry and enhancing the competitiveness of affiliated companies. This approach aims to ensure market stability and meet consumer needs effectively.
Key points
- The average price of packaged sugar in Egypt is 35.10 pounds per kilogram.
- The government continues to monitor markets to ensure the availability and stability of sugar prices.
- Egypt's sugar industry is focusing on maximizing economic returns and utilizing by-products to achieve sustainability.
