Sigma Capital

02-02-2026

Egypt studies resuming sugar trading on commodity exchange

Source: MIST

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Egypt’s Ministries of Supply and Internal Trade and of Agriculture and Land Reclamation are studying the possibility of resuming sugar trading on the Egyptian Commodity Exchange, as part of efforts to stabilize prices, balance supply and demand, and enhance market transparency.

The discussions took place during a meeting held at the Ministry of Supply’s headquarters in the New Administrative Capital, attended by Supply Minister Sherif Farouk, Agriculture Minister Alaa Farouk, and Head of the Mostaqbal Misr Sustainable Development Authority Bahaa El-Ghannam, according to an official statement.

Sugar trading on the commodity exchange was suspended in December 2023, followed later by corn and wheat, after the Ministry of Supply cited excessive speculation that disrupted markets and led to the cancellation of three wheat tenders. At the time, the ministry said trading could resume once market conditions stabilize.

During the meeting, Sherif Farouk said the sugar industry is a strategic priority for Egypt due to its direct impact on food security and market stability, stressing the importance of coordination among relevant entities to boost domestic production and improve manufacturing efficiency, with the aim of achieving sustainable self-sufficiency.

He added that the state is working on upgrading affiliated companies and modernizing production lines at sugar factories to increase output capacity and improve product quality.

Agriculture Minister Alaa Farouk said the ministry is focusing on expanding the cultivation of sugar crops, including sugar beet and sugar cane, supporting farmers, using high-yield seeds, and applying modern agricultural practices.

Bahaa El-Ghannam said integration across agricultural production, manufacturing, and trading is essential to strengthening self-sufficiency and securing Egypt’s supply of strategic commodities on a sustainable basis.