Ghurair said the global sugar market was oversupplied and that sugar margins had to improve by moving production closer to markets. The will have a beet sugar production capacity of 750,000 tonnes during the beet season which runs from February until June, with potential to go up to 900,000 tonnes. “That will make us the largest globally with a daily production capacity of 36,000 tonnes,” Salem said. Egypt expects to produce about 1 million tonnes of sugar from cane this season, which runs from January through May. Egypt also produces about 1.3 million tonnes of sugar from sugar beet each year and consumes about 3 million tonnes annually.

Source: Egypt Independent February 05, 2018 09:45 UTC