Aston Villa boss praises Egypt's Trezeguet after brace    New initiative to replace old cars used in Egypt's public transport system: Al-Sisi    Education Secretary wants US schools open, offers no safety plan    Egypt to launch EGP 2bn insurance fund to stimulate consumption    Turning Hagia Sophia back to mosque evokes 'grief, dismay': World Council of Churches    Egypt's Mostaqbal Watan Party to field candidates for all available Senate seats    Egypt to finish implementing 250K social housing units in 3 years: Maait    Lebanon's top Christian cleric seen to criticise Hezbollah, allies over crisis    Egypt receives international requests to restart tourism in Luxor    Unjustified population growth exhausts development efforts: Shaarawy    COVID-19 promotes public, private, civil society cooperation: Al-Mashat    China's Huawei requests UK's Johnson to delay 5G network removal – The Times    Egypt reports 923 new coronavirus cases, 67 deaths on Saturday    Poland voters cast ballots in presidential run-off    FDA authorizes marketing of Philip Morris's IQOS towards a smoke-free future    Barcelona's Griezmann injured, likely to miss title run-in    Yemen's Houthis agree to give UN access to abandoned tanker: Sources    Tennis: World TeamTennis to kick off season with safety measures in place    3 killed, 74 injured in two-day Mali protests    Abu Dhabi fund suspends debt service repayments for countries, companies    Saudi STC extends Vodafone Egypt stake purchase for second time    Islamic Development Bank working on 57 projects worth $3.8bn in Egypt    Egypt's Sisi directs outlining comprehensive vision for developing mining industry    Brazilian match called off after 14 players test positive for COVID-19    China raises flood alert to second highest level    Indian film star Amitabh Bachchan, son in stable condition: Health officials    Egypt records 125 COVID-19 fatalities among doctors    Egypt records 923 new coronavirus cases, 67 deaths    9th day of Ethiopia dam talks conclude with no deal in sight    Indian movie star Amitabh Bachchan and his son test positive for COVID-19    Earliest Pyramid Texts on view at lesser-known Saqqara pyramids    Egyptian film ‘Photocopy' to open South Korea's 2020 Arab Film Festival    Candidates start registration for Egypt Senate elections on Saturday    Turkey turns iconic Istanbul museum,Hagia Sophia, into mosque    U.S.-China relationship is ‘severely damaged,' phase II trade deal not a priority: Trump    Egypt rejects Ethiopian proposal to defer decision on GERD disagreements until accord is signed    Republished: Mahmoud Reda - A pioneer of folk dance    On 5th anniversary of his death, DNE celebrates the life and career of Omar Sharif    No agreement so far on GERD technical, legal points: Egypt    Egypt's Mohamed Salah double keeps Liverpool on track for points record    Farwell to 74-year old Egyptian military production minister El-Assar    U.S. President Trump slams Washington Redskins as team re-evaluates name    Egypt reopens 5 museums, 8 archaeological sites and operates 171 international, domestic flights    Egypt's Zamalek to continue training Thursday, but domestic league participation unclear    Federation of Egyptian Banks denies funding GERD: eletreby    Egypt to host World Handball Championship on time despite COVID-19: EHF President    Egypt's parliament Oks amendments to House law amid differences over election    CAF draws timeline for resumed continental championships amid COVID-19    







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





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
Published in Daily News Egypt on 04 - 06 - 2020

Minister of Trade and Industry, Nevine Gamea, has issued a decision banning white sugar imports for a period of three months.
She added that sugar imported as a production requirement for pharmaceutical industries are exempted from the ban, provided that approval is issued by the competent authority at the Ministry of Health and Population.
The decision has also banned raw sugar imports, except with certified approval by the Ministry of Supply and Internal Trading.
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 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.
This comes on the back of Egypt consuming about 3-3.2 million tonnes of sugar annually, including 2.4 million tonnes of locally produced sugar. He pointed out that new projects that are set to enter the production stage soon will contribute to the country's achieving self-sufficiency in sugar production.


Clic here to read the story from its source.