It is reported by egypttoday.
The Ministry of Supply and Internal Trade announced on Saturday that it has commenced the reception of sugar beet crops from farmers at the Abu Qurqas sugar factory, one of Egypt’s major sugar production facilities located in the Minya governorate of Upper Egypt.
The ministry aims to receive nearly 1 million tonnes of sugar beet throughout the current season, which extends until August.
During this season, farmers have cultivated around 600,000 tonnes of sugar beet in various governorates.
Essam El-Din El-Bedewy, Chairman of the ministry-affiliated Egyptian Sugar and Integrated Industries Company (ESIIC), anticipates that the sugar crisis will be resolved within the next two weeks as sugar production from sugar beet increases across various factories.
El-Bedewy stated that the Abu Qurqas factory aims to produce 70,000 tonnes of sugar annually for the state, 35,000 tonnes for other parties, 30,000 tonnes of beet fodder for export, and 40 million liters of alcohol.
To encourage farmers, the ministry has announced additional incentives per ton of sugar beet delivered to state-owned factories.
Farmers who supplied sugar beet to the factories from March 1 to 15 received LE 1,900 (USD39,7) per tonn, including a new incentive of LE 400 per tonn.
Moreover, farmers supplying sugar beet to the state until the end of March will receive LE 1,750 (USD36,59) per tonn, including an additional incentive of LE 350 (USD7,32).
Farmers supplying sugar beet from April 1 to 15 will receive LE 1,600 (USD33,46) per tonn, including LE 300 (USD6,27) in incentives, and those supplying from mid-April to the end of April will receive LE 1,450 (USD155,78) per tonn, including LE 250 (USD5,23) in incentives.
From May 1 until the end of the season, farmers will supply sugar beet to the state for LE 1,350 (USD153,69), including LE 250 (USD5,23) in incentives.
