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MTI imposes 3-month ban on imports of white, raw sugar
4 June 2020  -  Sector :  -  Entity :  -  Category : General

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The move aims to protect the national industry against fluctuations in global sugar prices.

Cairo- June 4, 2020

Minister of Trade and Industry Nevine Gamea has issued a decree banning the import of white sugar for three months, as of publication in the official gazette.

The decree excludes the quantities imported as a key input in pharmaceutical industries provided that approval from the health ministry is obtained.

“The move aims to protect the national industry against fluctuations in global sugar prices, especially raw sugar, that fell 30% as a result of the slump in oil prices,” Gamea said, pointing out that the decision was made in coordination with the Ministry of Supply and Internal Trade.

Minister of Supply and Internal Trade Ali Moselhi said that the past period witnessed a surge in sugar imports that caused overstocking.

He noted that the country’s total sugar consumption amounts to 3.2-3 million tons annually, including 2.4 million tons produced domestically, saying that many new projects will start production soon which will ensure Egypt’s self-sufficiency in sugar.
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