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The Egyptian government raised natural gas prices for fertilizer plants by 50% and temporarily exempted them from supplying subsidized fertilizer to the domestic market, allowing full output to go to export contracts. The agriculture minister said subsidized supplies to farmers will continue, with government stocks covering two months of demand.
Gas supplies to plants had already been cut by 33%.
Gas curtailments reduce Egyptian nitrogen output, which supports prices, while the export exemption adds supply to world markets. The net effect on urea prices depends on how much extra product reaches export markets.
almanassa.comNov 15, 2026After 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
