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Egypt has extended its ban on exporting locally produced sugar for an additional three months starting July 1st, 2024. The decision was made by the Ministry of Supply and Internal Trade to ensure sufficient domestic supply and maintain stable sugar prices in the country[1][2][3][5].

In June, the government had rejected a proposal to increase the price of subsidized sugar from 12.5 to 18 Egyptian pounds per kilogram[2]. The extension of the export ban aims to prioritize meeting local demand and prevent shortages, while also keeping sugar affordable for Egyptian consumers.

Citations:
[1] https://arabfinance.com/News/newdetails/16093
[2] https://www.zawya.com/en/economy/north-africa/egypt-extends-ban-on-exporting-sugar-for-3-months-starting-july-yowuehup
[3] https://www.sugaronline.com/2024/07/02/egypt-government-extends-sugar-export-ban-for-three-months/
[4] https://www.dailynewsegypt.com/2024/03/19/egypt-extends-sugar-export-ban-for-three-months/
[5] https://www.egyptindependent.com/egypt-renews-ban-on-exporting-sugar-for-3-months/

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