Egypt: Sugar Annual

Commodities

The Office of Agriculture Affairs (Post) forecasts refined sugar production in marketing year (MY) 2020/21 to increase by approximately 1.5 percent or 40,000 metric tons (MT) to reach 2.78 million metric tons (MMT.) Of this total forecast, 1.5 MMT of sugar will be derived from sugar beets, while 1.2 MMT will be sourced from sugarcane. This increase in production is attributed to good procurement prices of sugar beets. Posts forecasts domestic consumption in MY 2020/21 to increase by three percent or 90,000 MT to reach 3.3 MMT as a result of population increase. Egypt’s raw sugar imports in MY 2020/21 are forecast to stay the same as last season at 800,000 MT. A UAE-funded, $1 billion sugar beet investment project commenced and is still under construction. The Egyptian government allocated 76,000 ha to the project for sugar beet production only.

Egypt: Sugar Annual