1 Day
Source:
بوابة الشروق
_1777352244987_250242181.png&w=48&q=75){kind=small}
Sugar Producers cite losses from stagnant stocks
The article reveals the challenges facing the sugar industry in Egypt, where manufacturers are confronting rising production costs that reach up to 28,000 Egyptian pounds per ton. Additionally, there is a stagnant stockpile estimated at 600,000 tons from last year, which threatens their financial liquidity and hampers the ability to meet obligations. The manufacturers are also experiencing losses of up to 7,000 pounds per ton due to the gap between the selling price of 21,000 pounds and the production costs. The Ministry of Industry has discussed with the companies potential solutions to boost local production and achieve self-sufficiency in sugar, as part of efforts to ensure market stability and food security.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)