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Supply Ministry offers discounted sugar to factories for Mawlid Al-Nabi
The Egyptian Supply Ministry is preparing for the upcoming Mawlid al-Nabi season by releasing large quantities of sugar at a price of 25 pounds per kilogram through government outlets. This initiative aims to increase supply and ensure the availability of goods at affordable prices. The strategic reserve of sugar is sufficient to cover the country's needs for a year, with a plan to increase quantities to meet demand during the season, along with continuous monitoring of markets to prevent any attempts at monopoly or price hikes. Despite the decline in sugar prices, the price of Mawlid sweets remains around 70 pounds or more, due to rising labor, electricity, and preparation costs. Markets expect an increase in demand, with hypermarket chains offering promotional deals, but economic conditions and school fees may influence families' willingness to purchase sweets during the season.
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