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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.

By Sarah El Safty and Ahmad Elhamy

30 Dec 2021

Egyptians gather to buy subsidised sugar in Cairo, Egypt, 1 December 2019. Reuters/Shokry Hussien

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

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