Home Tech/AIIndustry & Trade Egypt’s FEDCOC expects sugar prices to fall on weaker dollar demand

Egypt’s FEDCOC expects sugar prices to fall on weaker dollar demand

by Yomna Yasser

Federation of Egyptian Chambers of Commerce (FEDCOC) sees a significant fall for sugar prices in the local market in three weeks.

The market will witness a drop in the sugar prices starting from next week, FEDCOC chairman Ahmed El-Wakeel said in an interview with local TV channel on Monday.

“Other basic commodities will also see a similar fall in the coming three weeks on weaker dollar demand from importers.” El-Wakeel added.

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