Egypt has imposed a $90/ton three-month levy on nitrogen fertilizer exports to make the most of hovering international costs.
A decree issued by theMinistry of Funding and Overseas Commerce on 5 Might applies the levy on nitrogen-based merchandise akin to urea and ammonia, which account for the majority of gas-intensive fertilizer manufacturing devoted to exports. A serious urea producer, Egypt exported round 3.2mn tons in 2024, in response to the most recent World Financial institution knowledge. (CONTINUED – 694 WORDS)
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