24 October 2016
Borrowing a cup of sugar from your neighbour has rarely been so contentious in Egypt.
At supermarkets across the country sugar has all but vanished, prompting media talk of a crisis and pushing the state to rapidly increase imports despite an acute dollar shortage and soaring global prices of the sweetener. Read more here
Egypt consumes around 3 million tonnes of sugar annually but produces just over 2 million tonnes, but with sugar cane prices up 50 percent in the last year the issue has become a focal point for the country’s economic woes.
Egyptian authorities seized sugar stocks at Edita Food Industries, one of the country's largest food producers, on Saturday, a move that may force the company to suspend its operations. Read more here.
© Express 2016
Borrowing a cup of sugar from your neighbour has rarely been so contentious in Egypt.
At supermarkets across the country sugar has all but vanished, prompting media talk of a crisis and pushing the state to rapidly increase imports despite an acute dollar shortage and soaring global prices of the sweetener. Read more here
Egypt consumes around 3 million tonnes of sugar annually but produces just over 2 million tonnes, but with sugar cane prices up 50 percent in the last year the issue has become a focal point for the country’s economic woes.
Egyptian authorities seized sugar stocks at Edita Food Industries, one of the country's largest food producers, on Saturday, a move that may force the company to suspend its operations. Read more here.
© Express 2016
