The Chamber of Food Industries in the Federation of Egyptian Industries (FEI) released on Sunday report which expects that the global prices of raw and white sugar will continue decreasing until May 2018.
According to the report, the price of a ton of refrained white sugar declined to US$355 in March, compared to US$ 359 in February. The price could fall to US$350 by May.
The price of raw sugar declined to US$279 in March, compared to US$295 in February. The price is expected to fall to US$270 in May, the report said.
Edited translation from Al-Masry Al-Youm