Egypt suffering from sugar crisis despite largest sugar factory in the world
Sugar prices have recently witnessed a record rise in Egypt despite the country’s opening of the largest sugar production plant earlier this year.
CAIRO — The Egyptian market is currently witnessing an unprecedented rise in the price of white sugar, as the price of 1 ton of white sugar reached 16,750 Egyptian pounds ($682) in the past few days.
In retail stores, the price of a pack (1.1-1.6 pounds) of the popular Al-Doha Sugar increased to 23 Egyptian pounds ($0.94), while the price of lower-quality brands ranged between 18 pounds and 21 pounds ($0.73 and $0.85).
