Minister of Investment:

Dr. Mahmoud Mohi Eddin, Minister of Investment, the ministry is keen on investment in the sugar sector is about 200 million pounds annually over the next three years, stressing the government's keenness on the interests of cane growers and a profit margin for them to encourage them to move in the cultivation of this crop strategic and increase supply to the sugar company, commensurate with the costs of production.This came in response to requests for briefing on the discussion and requests for a meeting of the Council for the increased costs of the cultivation of sugar cane crop and the demand by increasing the rate of supply to 250 tons cane per ton, with Dr. Mahmoud Mohi Eddin, the Government is prepared to raise the price of the supply of tons of cane so as to maintain the balance of the interests of farmers and sugar companies and complementary industries and consumers.The Government has responded to the demands by the People's Congress to increase the supply price of tons of sugar cane, and maintained at the same time the stability of sugar prices for consumers, pointing out that over the past four years has been raising the price of supplying tons of sugar cane, 105 pounds in the 2004/2003 season to 130 pounds in 2005/2004 to 160 pounds in 2005 2007 and finally to 182 pounds per tonne in 2008/2007.He said that the sugar industry and the complementary bore the burden of increases in the prices of sugarcane and production requirements, particularly the prices of diesel, gas oil and electricity and that it should be maintained on the work of the company's criteria for economic efficiency in order to continue in its role in maintaining the stability of sugar prices in the market for the benefit of the consumer, and to fulfill its obligations to the sugarcane farmers . and about the workers who are up to 22 thousand workers, in addition to seasonal and temporary employment.He noted that the Government at its next meeting with the Committee on Agriculture and Irrigation, the People's Assembly will reach an agreement with members to determine the appropriate increase in the price of supplying tons of cane, which will be effective retroactively as of January 2009.