(Ecofin Agency) - Egyptian government increased guaranteed price to sugarcane farmers to EGP720 ($40.6) per ton, from EGP700 previously, Reuters reported.

This revalorization announced by the supply ministry is subsequent to famers’ reluctance to supply the government during this season which runs from January to May.

The country expects to produce one million tons of sugarcane.

Egypt is the Africa’s second largest sugarcane producer after South Africa. The commodity is mainly produced in the upper part of the nation, on a narrow strip of land at the Nile’s side.

Espoir Olodo