Egypt's commodities exchange on Wednesday invited companies to register to trade sugar on the bourse, which already offers yellow corn and wheat.
Sugar will be offered on the exchange starting Thursday, exchange head Ibrahim Ashmawy said in a statement, adding that the move was in line with a government mandate "to regulate the markets of strategic and basic commodities".
Egypt has said it has strategic reserves of sugar to cover consumption until the spring of 2024.
It has tendered to import raw sugar through the Egyptian Sugar and Integrated Industries Company (ESIIC), which most recently is believed to have purchased around 50,000 metric tons of raw sugar in an international tender which closed on Aug. 5.
