Savola Seeks Further Gains In Egyptian Sugar

Saudi edible oils specialist Savola Group has announced plans to lift its Egyptian sugar production by 400,000 tonnes via two separate investments in a bid to meet growing regional demand. Spurred by oil-led economic growth, demand for sugar and sugary products has soared in the Middle East in recent years. This has left the import dependent region with an expanding sugar deficit, one which Savola plans to address, potentially topping up its annual revenues by as much as a quarter in the

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