Egypt’s raises fertilizer export tariffs amid commodities boom

The Egyptian Investment and Trade Ministry has raised the duty imposed on nitrogen fertilizer exports as it looks to secure local supply amid rising global prices.

Fertilizer companies will now pay 600 Egyptian pounds to export a ton of fertilizer, up from 550 pounds for the next year, the ministry said yesterday.

The global commodities boom has pushed up the price of fertilizers, with a ton now averaging $ 370 in the global market, up from $230 last year.