On 16 August, the Egyptian Commodity Exchange announced that sugar companies will offer portions of their sugar production for sale on the commodity stock exchange, for the benefit of food industries, distribution companies, traders and packaging companies.
According to Ibrahim Ashmawy, Chairman of the Egyptian Commodity Exchange, the move comes in line with the government’s trend to regulate the markets for strategic and basic commodities, and to provide them in fair transparent competition on the market This, Mr Ashmawy explained, is achieved through direct exchange between producers and all elements of the product supply chain.
In this context, the Egyptian Commodity Exchange called upon companies operating in sugar to register in the Egyptian Commodity Exchange via the link http://www.emx.com.eg/MembersReg.aspx. The first trading session, the Egyptian Commodity Exchange announced, will take place on Thursday 17 August 2023.
Sugar will be the fourth commodity to be offered for trading on the Egyptian Commodity Exchange, Mr Ashmawy said. He pointed out that wheat, yellow corn and bran are already being offered for trading on the Commodity Exchange platform, with great success. Other commodities are planned to follow suit.
17 August 2023