US will appeal order barring expulsions of migrant children    Merkel urges patience as German virus restrictions extended    Cairo, Alexandria, Gharbiya and Luxor record highest coronavirus infection rates, minister    Guardiola backs Manchester City's attack to fire on all cylinders again    Japan's Olympics minister: not government's role to look into bid payments    Ahly, Zamalek fans hold their breath as derby fever grips Cairo    Egypt condemns building of new Israeli settlements    2021 Grammy Awards: List of nominees in top categories    Egypt's interior ministry takes legal action against 5,226 drivers, 483 shops for violating COVID-19 preventive measures    UK cuts foreign aid spending commitment, causing outcry    Hotel occupancy rates in Egypt fall sharply due to pandemic, Colliers    Egypt's Hala al-Saeed named best minister in Arab world for female workforce plan    Egypt establishes big new rail company to localise production of locomotives    Sisi calls on citizens to closely observe COVID-19 preventive measures    EgyptAir to begin operating weekly flight between Hurghada, Budapest on Saturdays    EU says Ethiopia fighting destabilising region, urges ceasefire    UAE's ADGM to sign MOU with Israel's securities authority on fintech    Akhenaten performance at the Cairo Opera House is a must go    An advisory chamber    Golden opportunities    GERD: A point of order?    Leapfrogging the transport network    Cairo International Book Fair suspended for five months over coronavirus concerns    AstraZeneca novel COVID-19 vaccine can be 90% effective, results show    Polling stations open at home for 1st stage of Egyptian parliamentary run-offs    US will reduce number of its troop in Iraq, Afghanistan    Asia forms world's biggest trade bloc, a China-backed group excluding U.S    Egypt unveils largest archaeological discovery in 2020 with over 100 intact sarcophagi    Palestinians mourn the loss their longtime spokesman, Saeb Erekat    Trump says won't blame Egypt for being ‘upset' over GERD dispute with Ethiopia    1st stage of Egypt's parliamentary elections kicks off on Saturday    Global Finance: Egypt's Tarek Amer among the world's top 20 central bank governors    Legend footballer Lionel Messi says he is forced to stay with Barcelona    Egypt, Ethiopia, Sudan to resume Nile dam talks today    Iraqi conglomerate eyes developing land that housed Mubarak-era ruling party HQ    Legend Messi officially wants to leave Barcelona, hands transfer request    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Egypt downs price of commercial sugar to EGP 10 per kg: Supply minister
Published in Ahram Online on 13 - 05 - 2017

Producers and merchants agreed to decrease the commercial prices of sugar in the Egyptian market as of Saturday, from EGP 10.5 to EGP 10 per kilogramme, said Egypt's Minister of Supply and Internal Trade Ali Moselhi in a statement reported by state news agency MENA.
Moselhi said that sugar's wholesale prices would be also decreased for the commercial sector from EGP 9,250 per tonne to only EGP 9,000. Prices for the industrial sector will be reduced from EGP 1,050 per tonne to EGP 9,250, he said.
Moselhi said that the decrease would affect other manufactured food products, stressing that government procedures aimed at increasing the market supply are having a positive effect on prices and inflation.
Egypt has been facing a shortage in sugar supplies since September, amid a foreign currency crisis that has crippled imports.
Subsidised sugar is currently distributed through ration cards and sold at a price of EGP 8 per kilogramme.
According to supply ministry figures, 71 million people use government ration cards to buy essential food goods at subsidised prices.
Egypt consumes more than three million tonnes of sugar a year.


Clic here to read the story from its source.