Egypt faces a severe sugar shortage leading to a staggering 275 percent price hike per kilogram, prompting Supply Minister Ali Al-Moselhi to issue a public apology and assure citizens of a resolution by December 15. For the past month, Egyptians had to endure hours-long queues to acquire only two kilograms of sugar, and in some
Egypt’s Cabinet, in partnership with the Central Bank of Egypt (CBE), announced plans to introduce measures to combat the rising cost of essential commodities, according to a Facebook post by the Cabinet on 3 October. The announcement comes days after President Abdel-Fattah El-Sisi directed Minister of Supply and Internal Trade Ali Al-Moselhi to address the
The Indian Sugar Mill Association has denied recent reports of an impending sugar export ban by the government, calling them premature assumptions. India has already prohibited the export of non-basmati white rice and imposed a 40% export duty on onions to prioritize domestic consumers and stabilize prices. If a ban on sugar exports does occur from October onwards, it could impact global trade prices.