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00:55
Egyptian Mercantile Exchange adds sugar to traded commodities
STORY: Egyptian Mercantile Exchange adds sugar to traded commodities
DATELINE: Aug. 18, 2023
LENGTH: 00:00:55
LOCATION: Cairo
CATEGORY: SOCIETY
SHOTLIST:
1. various of sugar trading
STORYLINE:
The Egyptian Mercantile Exchange (EME) said it is adding sugar to its list of traded commodities starting Thursday.
The EME has reached agreements with sugar production companies to offer the commodity for sale for the benefit of food producers, distributors and vendors, and packaging companies.
Trading sugar on the EME will improve pricing efficiency, which means that all parties in the market will have a clear reference for pricing.
The EME was established in January 2020 via a partnership between the Egyptian Exchange, the Internal Trade Development Authority, and the General Authority For Supply Commodities.
Xinhua News Agency correspondents reporting from Cairo.
(XHTV)
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