Sugar prices reduced for regular, commercial, industrial use

Sugar traders and manufacturers reached an agreement to reduce the price of sugar sold to regular consumers to EGP 10 per kg from EGP 10.50 per kg, effective immediately, Supply Minister Ali El Moselhy announced yesterday, Al Borsa reports. The decision also reduces the price of sugar sold to traders at EGP 9,000 per tonne from EGP 9,250 per tonne, while sugar sold for industrial use is now priced at EGP 9,250 per tonne, down from EGP 10,500 per tonne.