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Egypt sugar imports hit by foreign currency shortage

To alleviate the crisis, Egypt's state-owned trading arm announced plans to buy sugar and the government has promised to create stockpiles that would last six months.


LAILA El-Sayed spent her afternoon searching grocery stores in Cairo's bustling Dokki district on the banks of the Nile River for one thing: sugar.

She managed to find two bags in a state-owned shop for 10 Egyptian pounds (S$1.57) per one-kilogramme bag, twice what she paid...