Egypt is preparing to launch the first official sugar trading sessions on its mercantile exchange platform following the Eid al-Adha holiday, marking a significant step in the government’s broader strategy to modernize the trading of strategic commodities and improve market transparency.
The move was confirmed during a high-level meeting held Wednesday at the Ministry of Supply and Internal Trade, where officials and industry representatives reviewed the proposed operational framework for sugar trading through the Egyptian Mercantile Exchange platform.
According to participants, discussions focused on the technical, financial, and regulatory mechanisms governing the new trading system. Officials ultimately approved the proposed model for sugar transactions, aiming to establish more transparent pricing mechanisms and tighter market discipline.
The ministry and the exchange also agreed to organize a series of technical and training workshops next week at the mercantile exchange headquarters. The sessions will include representatives from major sugar producers and will focus on electronic trading systems, membership registration procedures, and operational guidelines ahead of the market launch.
Zakaria Hamza, Chief Executive and Managing Director of the Egyptian Mercantile Exchange, said the platform’s technological infrastructure is fully prepared to handle sugar auctions and trading operations efficiently.
Hamza noted that the electronic trading system was designed to provide easy access for market participants across Egypt, enabling transactions to be executed digitally from any location nationwide.
Industry representatives attending the meeting welcomed the initiative, describing the exchange platform as a major step toward improving transparency and regulating the sugar market. They said the mechanism is expected to support price stability, improve commodity availability, and help ensure fair pricing for consumers.
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