Egypt: Sugar Annual

Commodities

In MY2017/18, total raw sugar production is forecast to increase seven percent or 150,000 MT to reach 2.42 MMT. FAS Cairo attributes this increase to an expansion of total area harvested, driven by an increase in the government’s supply price. The Egyptian government is buying at higher prices, encouraging farmers to increase their production in order to avoid another year of short supplies. Total domestic consumption in MY2017/18 is forecast to increase by 3.3 percent to 3.05 MMT, compared to 2.950 MMT in previous year. Sugar imports are forecasted to remain stable at 830,000 MT, while exports are expected to drop by 33 percent to 200,000 MT.

Egypt: Sugar Annual