Egypt’s Fertilizers Exports Registered EGP1.8bln in Q1 of 2014

Egypt’s exports of fertilizers registered EGP1.8 billion within the first quarter of 2014, move up by 76% compared to EGP 1.24billion exports of the same period of the last year.

Reliable sources in the foreign trade sector asserted to “Amwal Al Ghad” that this exporting value increased which the domestic prices increased owing to the high demand, so that the demand crisis which dominated in the recent months of the last year has finalized.

According to importer of fertilizers the sources revealed that EU gained almost 50% from the exports of fertilizers in the same period, 20% for the Arab countries and the Turkish market received around EGP250 million exports.