News

Egypt Seizes Sugar Stocks from Edita Amid Ongoing Sugar Crisis

Egypt Seizes Sugar Stocks from Edita Amid Ongoing Sugar Crisis

pablo-sugar

Egyptian security forces have seized three weeks’ worth of sugar supplies from Edita Food Industries’ factories in Egypt’s Beni Suef, according to the company’s chairman Hani Berzi, causing the factories to halt manufacturing for three days.

“We were surprised by a campaign that raided the factory on Thursday and then it was repeated on Saturday morning; there was an attack on the factory because we store sugar,” Berzi said in a call-in to Hona El-Assema, a talk show aired on privately-owned CBC.

“The truth is that we store sugar for manufacturing. Our main activity is manufacturing and not trading,” Berzi said.

The campaign resulted in the confiscation of 2,000 tons of sugar because Edita did not provide original invoices for the sugar, a supply ministry official told Reuters.

However, Berzi maintained that Edita consumes about 34,000 tons of sugar per year for manufacturing purposes, saying “there is nothing criminal” about storing 2,000 tons for three weeks of manufacturing.

According to reports, the company has temporarily halted production as a result of the sugar seizures, with Edita’s chairman saying that if the seizure of sugar stocks continues, “the rest of [Edita] will stop.”

Egypt has recently been hit by a sugar crisis that has left most of the country’s commercial outlets devoid of sugar, which many Egyptians consume in large quantities.

Authorities have blamed traders for stockpiling sugar over the past several weeks and waiting for prices to skyrocket before selling their supplies, and security forces have launched campaigns to seize black market stockpiles of sugar.

Meanwhile, many supermarkets across the country have spiked the price of sugar or set a purchasing limit on each consumer to 2 kg of sugar each.

Egypt’s supply ministry said on Sunday that the government is planning on pumping 50,000 tons of sugar into the market in order to alleviate the crisis.

Egypt, Japan Sign Agreement for $460 Million Loan to Complete Grand Egyptian Museum
Egypt Court Upholds Former President Morsi's 20-Year Prison Sentence

Subscribe to our newsletter


News

More in News

Marble Head of Roman Emperor Discovered in Egypt’s Aswan

Egyptian StreetsApril 25, 2018

3 Chinese Tourists Killed as Tour Bus Flips Over

Egyptian StreetsApril 25, 2018

Mohamed Salah Hailed as ‘Sensational’ as Liverpool Defeats Roma 5-2

Egyptian StreetsApril 25, 2018

People Who ‘Harass’ Tourists in Egypt to Be Fined Up to EGP 10,000

Egyptian StreetsApril 25, 2018

Mohamed Salah Crowned the PFA Player of the Year Award

Egyptian StreetsApril 22, 2018

Detained Journalist Shawkan Wins UNESCO’s Press Freedom Prize Despite FM Criticism

Egyptian StreetsApril 22, 2018

World Bank, Egypt Sign $US 500 Million Agreement to Reform Egypt’s Public Schools

Egyptian StreetsApril 22, 2018

Egyptian Teenager Kills Mother and Brother to Complete ‘Blue Whale’ Suicide Game Task

Egyptian StreetsApril 22, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.