Egypt imposes $90/ton nitrogen fertilizer export duty for three months
Egypt has imposed a temporary export duty on nitrogen fertilizers, according to a decision published on Monday in the official gazette, amid shifting global markets.
The Ministry of Investment and Foreign Trade set the export duty at $90 per metric ton, or its equivalent in Egyptian pounds. The measure takes effect on Tuesday and remains in place for three months.
The decision follows a separate move earlier this week in which Egypt raised natural gas prices for energy-intensive industries, including fertilizers, petrochemicals, steel and cement, as part of broader efforts to restructure industrial energy pricing.
The fertilizer sector is one of Egypt's key industries.
Egypt's energy import bill has more than doubled, while monthly natural gas import costs have nearly tripled since the outbreak of the U.S.-Israeli war with Iran, with increased reliance on LNG imports or regional producers.
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