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Supply Minister: Sugar Price Rise Not Due to Shortages
The article focused on the statement by Minister of Supply and Internal Trade Sherif Farouk regarding the rise in sugar prices, confirming that the strategic reserve of sugar is safe and sufficient for about 11 months. He emphasized that the market is not suffering from a shortage of supply or export impacts, as the ministry has allowed limited exports without harming local needs. Additionally, he explained that the current price increases are due to commercial practices rather than a shortage in stock or exports. The subsidized sugar price remains stable at 12.5 pounds, and it is available in sales outlets at prices reaching up to 25 pounds.
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