The Ministry of Supply and Internal Trade cited Engineer Salah Fathi, Managing Director and CEO of Egyptian Sugar & Integrated Industries, as saying that operations are proceeding normally across all company factories. Production and supply continue without any obstacles, ensuring that sugar is available in the local market in a stable and regular manner.
The CEO emphasized that sugar prices have not increased
during the current period, with the ex-factory price per ton ranging between
EGP 22,000 and 23,000, according to the established pricing mechanisms, and no
new price hikes have been approved. Engineer Salah Fathi added that there is
absolutely no justification for raising sugar prices in the market, given the
large strategic reserves of the commodity in Egypt, the start of the sugarcane
harvest season, and the ongoing production from the new season, all of which
ensure sustainable availability and market stability.
Egyptian Sugar & Integrated Industries urged all media
outlets and social media users to ensure accuracy and objectivity in the
information they disseminate and to refer to official statements issued by the
competent authorities, in order to avoid causing confusion or spreading
inaccurate information that could affect market stability.