Egypt detects 354 new coronavirus cases, 12 deaths on Monday    Egypt condemns Houthi attack on Saudi fuel distribution terminal    Sisi, telecom company Orange discuss increasing cooperation in Egypt    Cairo International Book Fair suspended for five months over coronavirus concerns    Suspension of CAF boss Ahmad opens elections race wide open    GCC countries surpass 1 million COVID-19 cases: Reuters Tally    AstraZeneca novel COVID-19 vaccine can be 90% effective, results show    Egypt's military production minister, S. Korean ambassador discuss boosting industrial cooperation    UN urges civilian protection after Ethiopia's 72-hr deadline for Tigrayan forces    Orascom Development inks $265m loan deal with four banks    International Energy Agency tailors a plan for post COVID-19    Egypt-Kenya bilateral trade hits $303m in H1-20    Suarez says Uruguay players let guard down after spate of COVID-19 cases    Polling stations open at home for 1st stage of Egyptian parliamentary run-offs    Liverpool coach Klopp blasts broadcasters over hectic match schedule    Biden expected to nominate Blinken as secretary of state    Egypt detects 351 new coronavirus cases, 13 deaths on Sunday    Egyptian president inaugurates Middle East and Africa Smart Transportation Fair    Winners of the 5th Sharm El-Sheikh Int'l Theatre Festival for Youth    Egypt confirms 358 new coronavirus cases, 14 deaths on Saturday    BREAKING: Sudan decides not to participate in ministerial meeting on GERD Saturday    G20 to discuss post-pandemic world, back debt relief    First day of Egypt's parliamentary runoffs kicks off for expats    US will reduce number of its troop in Iraq, Afghanistan    Don't miss the concerts of the 12th Cairo International Jazz Festival    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    Egypt, Ethiopia, Sudan to resume Nile dam talks today    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    Iraqi conglomerate eyes developing land that housed Mubarak-era ruling party HQ    Famous Egyptian actor Mahmoud Yassin passes away at 79    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 10 pounds per kg: supply minister
Published in Amwal Al Ghad on 14 - 05 - 2017

Producers and merchants agreed to decrease the commercial prices of sugar in the Egyptian market as of Saturday, from 10.5 Egyptian pounds to 10 pounds 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 9,250 pounds per tonne to only 9,000 pounds. Prices for the industrial sector will be reduced from 1,050 pounds per tonne to 9,250 pounds, 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 8 poundsper 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.
Source: Ahram online


Clic here to read the story from its source.