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MTI extends ban on sugar imports for three months
8 September 2020  -  Organization :  -  Sector/Entity :  -  Category : General

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The move aims to protect the national industry from fluctuations in global sugar prices following a dip in oil prices.

Cairo- September 8, 2020

Minister of Trade and Industry Nevine Gamea has announced extending Ministerial Decree No. 259 of 2020 banning imports of white sugar for another three months, as of publication in the official gazette.

The decree, which to be periodically reviewed according to developments, excludes quantities of white sugar imported for the pharmaceutical industry, provided that the competent authority at the Ministry of Health and Population approves them.

It also stipulates the suspension of raw sugar imports for three months as well, unless an import approval for the required quantity is granted by the two ministers of trade and supply.

“The move comes after coordination with the Minister of Supply and Internal Trade, and it aims to protect the national industry from fluctuations in global sugar prices following a dip in oil prices,” Gamea said.

She pointed out that the decision allows the country to dispose of its stock of sugar, which amounts to about 1.4 million tons, sufficient for over six months.

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