The industrial demand for sugar beets continues to rise, as it provides a higher price, thus incentivizing many farmers to plant more beets. In marketing year (MY) 2022/23 the sugar beets were subject to an outbreak of Rhizomania disease. The infection affected the area productivity; thus, Post is revising down MY 2022/23 production, as well as refined sugar production. Post estimates a ten percent loss in production, affecting refined sugar production down by ten percent as well. This year, the procurement prices for both sugar cane and beets were 1,000 Egyptian pounds (EGP), a 25 percent increase over MY 2021/2022 prices.
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