{"id":617596,"date":"2024-03-25T00:00:00","date_gmt":"2024-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/25\/state-owned-sugar-producers-hike-prices-33-on-the-back-of-rising-production-costs-following-float\/"},"modified":"2024-03-25T00:00:00","modified_gmt":"2024-03-25T00:00:00","slug":"state-owned-sugar-producers-hike-prices-33-on-the-back-of-rising-production-costs-following-float","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/25\/state-owned-sugar-producers-hike-prices-33-on-the-back-of-rising-production-costs-following-float\/","title":{"rendered":"State-owned sugar producers hike prices 33% on the back of rising production costs following float"},"content":{"rendered":"

Sugar producers hike factory prices: <\/strong>State-owned sugar producers have ramped up their factory price of sugar by up to 33% to the Supply Ministry-imposed ceiling of EGP 32k per ton on the back of rising production costs triggered by the EGP float, Asharq Business<\/a> reports, citing the three anonymous heads of state-owned sugar companies. <\/p>\n

On supermarket shelves:<\/strong> The increase should bring the cost of sugar to the final consumer to EGP 35 per kg from government outlets. To ensure that retailers uphold that price, factories will reportedly be required to provide invoices that indicate the price at which they sold the sugar.<\/p>\n

Remember: <\/strong>In response to the spiraling cost of sugar, the government listed<\/a> sugar among six other items as \u201cstrategic commodities\u201d in January, prohibiting traders from withholding them from the market and the month after imposed<\/a> prison sentences and fines for food hoarding. Despite the government selling a kilogram of sugar through its outlets at EGP 27, the lack of enough sugar in the market has led to private shops and supermarkets hiking prices to over EGP 55 a kilogram.<\/p>\n

ICYMI: <\/strong>The Trade Ministry last week extended<\/a> its ban on the export of sugar for three months for the second time<\/a>. <\/p>\n

\n

\n

Gov\u2019t secures 110k tons of wheat:<\/strong> State grains buyer GASC has awarded a tender to UAE\u2019s Al Dahra<\/a> and Bulgaria\u2019s Buildcom<\/a> to supply 110k tons of wheat, Al Borsa<\/a> reported, citing a Supply Ministry official.<\/p>\n","protected":false},"excerpt":{"rendered":"

The increase should bring the cost of sugar to the final consumer to EGP 35 per kg from government outlets<\/p>\n","protected":false},"author":1,"featured_media":617597,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[317,72,564,777],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-food","tag-supply-ministry","wpautop","entry"],"acf":{"mongo_id":"00779271-1514-464b-bdff-dafe144c45da","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2184.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian state-owned sugar producers hike prices 33% on the back of rising production costs following float","related_issue":[617588],"teaser":"The increase should bring the cost of sugar to the final consumer to EGP 35 per kg from government outlets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.1b09ccf0-ba8c-4bea-a576-9a647cdea2d4.mp3"},"yoast_head":"\nState-owned sugar producers hike prices 33% on the back of rising production costs following float - 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The ministry is currently in talks with state-owned Dakahlia Sugar & Refining, El Nubaria for Sugar Refining, and Delta Sugar Company to purchase the\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597092,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/egypts-new-fuel-prices-are-beginning-to-show-their-impact-on-food\/","url_meta":{"origin":617596,"position":1},"title":"Egypt\u2019s new fuel prices are beginning to show their impact on food","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"The impact of higher fuel prices is beginning to touch food. Exhibit A: The Supply Ministry is studying raising the profit margin of subsidized bread bakeries to offset rising costs incurred by the latest fuel subsidy cuts, Al Mal cited an anonymous source as saying. The government could increase bakers\u2019\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578186,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/a-new-task-force-will-suggest-fair-prices-for-up-to-15-strategic-commodities\/","url_meta":{"origin":617596,"position":2},"title":"A new task force will suggest fair prices for up to 15 strategic commodities","author":"enterpriseam admin","date":"19 December 2022","format":false,"excerpt":"The Supply Ministry has set up a committee to determine the \u201cfair price\u201d of a number of foods classed as strategic commodities amid soaring inflation. Representatives from the Consumer Protection Agency, the Federation of Egyptian Industries, and the Federation of Egyptian Chambers of Commerce will decide prices for between 10\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/384.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602439,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/supply-ministry-fixes-sugar-price-at-egp-7500\/","url_meta":{"origin":617596,"position":3},"title":"Supply Ministry fixes sugar price at EGP 7,500","author":"enterpriseam admin","date":"27 March 2019","format":false,"excerpt":"The Supply Ministry reached an agreement with sugar beet producers to set the price of beet sugar for the current season at EGP 7,500 per tonne, according to Al Mal.","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":675347,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/12\/egypt-bans-sugar-imports-for-three-months\/","url_meta":{"origin":617596,"position":4},"title":"Egypt bans sugar imports for three months","author":"enterpriseam admin","date":"12 November 2025","format":false,"excerpt":"The decision aims to protect local producers amid rising domestic output and falling prices","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1608.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596360,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/farmers-urge-govt-to-impose-import-duty-on-sugar\/","url_meta":{"origin":617596,"position":5},"title":"Farmers urge gov\u2019t to impose import duty on sugar","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"The Agriculture Ministry has asked the government to look into proposals submitted by the Farmers\u2019 Syndicate to control sugar imports, ministry sources told the local press. Farmers are urging the government to protect the local market by either imposing protectionist tariffs on sugar or placing limits on quantities of imported\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=617596"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617596\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/617588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/617597"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=617596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=617596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=617596"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=617596"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=617596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}