Mohamed Farid Saleh, Minister of Investment and Foreign Trade, held a meeting with officials from sugar production companies in Egypt to review current market conditions. The discussions also focused on strengthening the balance between domestic production and consumption and developing balanced mechanisms for import and export through appropriate trade policy tools. Participants included Shehab Marzban, Chairperson of Eastern Sugar Company; Kamel Abdallah, Chairperson of Canal Sugar Company; Emad Farid, Chairperson of Nile Sugar Company; and Mahmoud Fouda, Chairperson of Savola. Farid stressed that market stability begins with regulating import and export mechanisms, while continuing to support and localise existing industries. They also stressed the importance of continued coordination between the ministry and the private sector to strengthen production sustainability and maintain balance in the domestic market.

Source: Daily News Egypt March 11, 2026 18:41 UTC