DUBAI (Reuters) – Egypt’s Canal Sugar will produce 400,000 tonnes a year of white sugar when it starts production in the 2021 season, the chief executive said on Monday. Construction of the company’s sugar beet factory will be completed this year and the project will reach full capacity of 900,000 tonnes of white sugar a year in 2023, Islam Salem told reporters on the sidelines of an industry event in Dubai. Planting will begin in late October for the 2021 harvest. Once the project’s full agricultural capacity is reached, it will produce half of its sugar from the beets it grows, with the remainder provided by local farmers, Salem said. The west Minya project aims to establish the world’s largest beet sugar plant and the sugar produced will be sold in the local Egyptian market, which faces a deficit, Salem said. Egypt produces around 2.5 million tonnes of sugar annually but needs 3.3 million tonnes. Canal Sugar aims to bridge 80 pct of the country’s current sugar gap. The plant has a white sugar silo with a capacity of 450,000 tonnes. “Production is aimed at the local market as there is a deficit in the country, so it makes sense… Read full this story
- Trouble as Egypt ally US President Trump dives into the dispute over Ethiopia's Nile mega-dam
- 'The crisis is behind us,' says French sugar group Cristal Union
- Sugar output may rise this season
- Sugar price hike strikes on the heels of flour crisis in Pakistan
- Shoppers are more concerned about biscuits and sandwiches being high in sugar than salt or fat, scientists find
- Can sustainable startups improve tourism in Egypt?
- Egypt: Why not take a tour of Cairo's Garbage City?
- Drinks makers consider legal action against sugar tax
- New Zealand to kick-off 2021 World Cup at Eden Park
- Upcoming OnePlus 8 series confirmed to launch with 5G support, CEO Lau hints price hike
- Exclusive: French sugar group Tereos asks suppliers for price reductions
- Luxury cars to see revival in 2021
Egypt's Canal Sugar to start production in 2021 - CEO have 317 words, post on www.reuters.com at February 10, 2020. This is cached page on CHUTEU. If you want remove this page, please contact us.