The first comment from the Minister of Supply on the crisis of high sugar prices – Masrawy – Masrawy

(Masrawy):
Dr. Ali Al-Musalihi, Minister of Supply and Internal Trade, revealed the details and factors affecting the recent crisis of the rise in sugar sugar, saying: There are several factors and variables that affected sugar prices in the recent period, which is the global rise in the price of a ton of sugar from $650 per ton to $780 in the last tender, in addition to the… The crisis of dollar measures and the dollar exchange rate in the parallel market moved from 41 pounds against the dollar to 51 pounds.

Al-Moselhi said, during a phone call with media personality Lamis Al-Hadidi, on the “Last Word” program, that the strategic stock of sugar is sufficient to cover 5.5 months, and despite these increases, supply sugar is still available in large quantities and at a price of 12.5 pounds per kilo.

The Minister explained that the Ministry of Supply is the body responsible for providing the strategic reserve of goods and food supplies, and that for the first time in the history of the Ministry of Supply, the Ministry has become not only responsible for providing sugar for ration cards, but rather has become burdened with the burden of providing it to the industrial and commercial sectors, which is what the Stock Exchange is doing. Commodities and we fully maintained the needs of the industrial sector for sugar.

He revealed that the needs of the pharmaceutical sector and the Unified Purchasing Authority for sugar will be fully met, and that sugar has been provided to companies at a price of 24 pounds per kilo through the commodity exchange.

He pointed out that the Ministry is offering sugar at a price of 24 thousand pounds per ton, provided that it is offered in outlets at a price of 27 thousand pounds per ton, which is equivalent to 27 pounds per kilo in the commercial chains that work with the Ministry in addition to the consumer complexes and established containers. He explained that offering sugar at a price of 27 pounds led to an increase in sugar. Pressure and Demand Therefore, we issued instructions yesterday that shops and factories that depend on sugar be given a share through localities and governors through direct delivery instead of deducting from the citizen’s share.

He stressed that the Ministry was keen to ensure the sustainability of supplies to the citizen and to the shops that rely on sugar in the industry, but there are some remote areas and they will be reached through outlets and staffs.