Egypt: Sugar Annual
20th August 2024
Egypt’s sugar production in marketing year 2024/25 (October to September) is forecast to reach 2.6 million metric tons, down 110,000 tons from USDA official MY2023/24 production estimates on lower cane sugar production.
In MY2023/24, Egyptian officials responded to a fall in world production of sugar which raised global sugar prices, accompanied by multiple devaluations of the Egyptian pound, which further limited Egypt’s ability to import from global markets. Additionally, local producers marketed their crops to molasses producers, squeezing available feedstocks for state-owned sugar cane mills. Volatile energy
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