18-10-2016 17:24 via news.yahoo.com

Shelves go bare in Egypt as soaring sugar prices catch government off guard

By Eric Knecht and Arwa Gaballa CAIRO (Reuters) - Borrowing a cup of sugar from your neighbour has rarely been so contentious in Egypt. At supermarkets across the country sugar has all but vanished, prompting media talk of a crisis and pushing the state to rapidly increase imports despite an acute dollar shortage and soaring global prices of the sweetener. Egypt consumes around 3 million tonnes of sugar annually but produces just over 2 million tonnes, with the gap filled by imports, usually bet
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