Egypt is exploring the possibility of trading sugar on its commodity exchange to boost transparency, governance, and price stability, the Ministry of Supply and Internal Trade said on Sunday, Daily News Egypt reported.
The proposal was discussed in a meeting between Supply Minister Sherif Farouk, Agriculture Minister Alaa Farouk, and Bahaa El-Ghannam, head of the Mostakbal Misr Authority for Sustainable Development. Officials coordinated on strategies to strengthen self-sufficiency in sugar and secure the domestic market sustainably.
Sherif Farouk described the sugar sector as a strategic priority, noting its direct impact on food security. He said the government is modernising production lines and developing affiliated companies to increase output and improve quality. Achieving self-sufficiency, he added, would allow the state to maintain a strategic stockpile and reduce price volatility for consumers.
Agriculture Minister Alaa Farouk said the government is expanding sugar beet and sugarcane cultivation, supplying farmers with high-yield seeds, and promoting modern farming methods. Research centres are also supporting these initiatives in collaboration with the Ministry of Supply and Mostakbal Misr Authority.
Bahaa El-Ghannam, head of Mostakbal Misr Authority said his agency is focusing on national projects linked to food security and stressed that integration across production, manufacturing, and distribution is critical to meeting the country’s strategic commodity needs.
The officials reviewed the current state of the sugar industry, from cultivation to distribution, and agreed to continue regular follow-ups to ensure the sector’s development and strengthen Egypt’s food security framework.
