President Abdel Fattah El Sisi issued a decree yesterday to raise the price of sugarcane purchased from farmers to EGP 720 per tonne, up from the EGP 700 per tonne previously set by the Supply Ministry, Al Borsa reports. The House Agriculture Committee had been pushing for the government to raise sugarcane prices to EGP 1,000 per tonne, up from EGP 620 per tonne during the last harvest season. Sugar factories have been supplied with about 1 mn tonnes of sugarcane since the current harvest season began at the beginning of January, according to Supply Ministry spokesperson Mohamed El Sewed. The ministry expects to supply 10 mn tonnes of sugarcane, which will produce 1.1 mn tonnes of sugar by the end of the season.

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