Egypt Sugar Imports to Rebound in 2013/2014 Report
Report Highlights:
In 2012/2013, Post expects a 33 percent drop in sugar imports to 930 TMT due to high stocks, temporary antidumping measures and strong domestic production. In MY 2013/2014, Post forecasts a slight increase in sugar production to 2012 TMT and a rebound in imports to around 1200 TMT of raw and refined sugar as Egypt attempts to satisfy local consumption expected to reach 3000 TMT while maintaining a strategic stock of around 350 TMT. The Government of Egypt (GOE) continues its efforts to reach self-sufficiency in sugar through increasing beet cultivation, increasing productivity for both cane and beet, encouraging investment in beet sugar industries closer to cultivation areas, and a nation-wide awareness campaign to reduce annual consumption per capita from the current 33 kg to a healthier 25 kg.
