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Tuesday, 21 July 2020

Egypt to import up to 700k tonnes of sugar in FY 2020-2021

Egypt is planning to import between 600k and 700k tonnes of sugar this fiscal year, Reuters reports, quoting an Agriculture Ministry official. The country produced a record 2.48 mn tonnes of sugar last harvest season, but reports suggested last year that the cultivated area of sugar beet could fall between 33-50% in 2020 as a result of fuel price hikes and challenging market conditions.

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