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Egypt to increase price of subsidised sugar, says minister
The price of subsidised sugar in Egypt will increase to 10.5 Egyptian pounds ($0.6671) per kilogram from 1 January 2022, up from 8.50 pounds currently, Supply Minister Ali Moselhy said on Wednesday.
Egyptians gather to buy subsidised sugar in Cairo, Egypt, 1 December 2019. Reuters/Shokry Hussien
The supply ministry last week said that Egypt has sufficient sugar reserves to cover 3.5 months of consumption.
($1 = 15.7400 Egyptian pounds)
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/About Sarah El Safty and Ahmad Elhamy
Reporting by Sarah El Safty; writing by Ahmad Elhamy; editing by David Goodman