With over 700 stakeholders and experts from 60 countries attending, Dubai Sugar Conference 2023 kicks off its 7th edition
Activities for the 7th edition of the Dubai Sugar Conference 2023 kicked off on 28th February (the largest of its kind in the region). They will continue until March 2nd in Dubai, where more than 700 professionals and stakeholders from over 60 countries will attend the Dubai InterContinental Festival City Hotel.
The focus is on sustainability thinking, its management, the various initiatives undertaken in collaboration with international organizations to promote sustainability and environmental awareness, and the many influencing factors, variables, and challenges in the sugar industry. In discussion, trade.
Between meetings, Jamal Al Ghurair, Managing Director of Gulf Sugar Company – Jebel Ali, the world’s largest independent sugar refiner, holds a meeting revealing that global sugar prices have risen by 30% I made it And this is about an increase in demand and a decrease in supply without serious consequences from the war between Ukraine and Russia, which contributed to this increase.
Jamal Al-Ghurair estimated the country’s sugar consumption at 200,000-250,000 tonnes per year and stressed the importance of the conference as a global platform for discussing the development of the country’s sugar industry.
He added that 95% of the sugar the country imports comes from Brazil, adding that Brazil exports domestically re-refined raw sugar, while India only exports refined sugar. It denies that sugar substitutes harm the sugar industry and the sugar trade.
Al-Ghurair added that insurance premiums for sea freight arriving in the Gulf would not exceed 0.25% of the value of the goods.
He explained that imposing a sales tax on domestically produced juices and sweetened beverages initially helped reduce demand for sugar.
Al-Ghurair said Al Khaleej Sugar’s capacity is only 40% of the factory’s total capacity.
Al-Ghurair announced that its Egyptian affiliate, the Canal Sugar Company, the world’s largest beet sugar factory, will start production at the end of Ramadan at the end of April next year.
