Mohamed Farid Saleh, Egypt’s Minister of Investment and Foreign Trade, said stability in the country’s sugar market depends on balanced regulation of imports and exports, State Information Service reported.
Speaking during a meeting with heads of sugar production companies in Egypt on Wednesday, the minister said the government is working to balance support for domestic production with the need to meet market demand.
The meeting reviewed the current situation in the sugar market and explored ways to maintain balance between local production and consumption. Discussions also focused on developing fair mechanisms to regulate imports and exports through trade policy measures aimed at supporting domestic industries and maintaining market stability.
Farid said the government is committed to encouraging investment in food processing industries and ensuring the smooth functioning of supply chains. He noted that strategic goods, particularly sugar, remain a priority for the government.
The minister also stressed the importance of regular coordination with the private sector to ensure steady production and adequate availability of goods in the market.
According to Farid, the ministry is also studying production costs in the food industry to help ensure that companies can continue operating sustainably. Officials at the meeting discussed rising production costs due to current economic pressures and explored ways to maintain a balance that protects both producers and consumers.
Participants also reviewed recent production trends at sugar companies and discussed rules related to the trading and distribution of sugar in the domestic market.
The meeting was part of the government’s broader efforts to ensure adequate sugar supplies and maintain balance between production and consumption in the country.
