The Minister of Trade and Industry issued a decision today, Thursday, to continue the ban on the export of all types of sugar except for quantities surplus to the needs of the local market estimated by the Ministry of Supply and Internal Trade, for a new period of 3 months starting from September 20 and continuing until next December 20.
The last decision issued by the Ministry of Trade and Industry to ban the export of sugar was last June, and before that the Minister issued it in March of the same year. The decision is renewed every 3 months according to the need in the Egyptian market and the public interest of citizens, especially since sugar is a strategic commodity.
Decision of the Minister of Commerce regarding the export of sugar
It is scheduled that the decision of the Minister of Trade and Industry will be circulated to the customs ports at the beginning of next week, to be activated, especially since the last import ban decision was last June 24 and will continue until the 24 of this month, and the decision was issued by the Minister after presenting a memorandum from the Agreements and Foreign Trade Sector. At the Ministry on September 20, with the approval of the Minister of Industry and Trade.
Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, had decided at the end of April to stop exporting sugar permanently, indicating that despite the presence of a strategic reserve, the local market needed it, adding that the sugar crisis in 2017 was caused by the export of the product. Under the pretext that there is self-sufficiency, he added: “Whatever the home needs is forbidden to the mosque.”
The Minister of Supply explained that if imports are opened, sugar will be exported abroad and the local market will not find a single bag of sugar, because the price of sugar at the global level is almost double.
The cultivated area of sugar beets is about 620 thousand acres, an increase of 10 thousand acres over the past, bringing the production volume to 1.8 million tons of sugar.
2023-09-21 17:11:54
#urgent #decision #government #sugar. #Learn
