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Egypt renews ban on exporting sugar for 3 months

The Ministry of Supply and Internal Trade on Monday opted to renew the ban on exporting local sugar abroad for a period of 3 months, starting July 1.

The government will not import sugar currently, the private sector will instead import 250,000 tons of sugar during the next three months, he said.

The Minister of Supply confirmed that there is a strategic balance for cooking oil that covers 6.2 months until November 28.

The minister’s statements came during a tour of the company escorted by Minister of Supply and Internal Trade Ali El Meseilhi and other officials.

The Ministry of Supply and Internal Trade said it signed an agreement on Thursday to import 250,000 tons of raw sugar.

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