Loading…
Egypt's Ministry of Trade and Industry issued Decree 1064/2017 amending the export duty on nitrogen fertilisers, classified as a liberalising intervention. The amendment changes the scope of the existing duty.
Easing export duties on nitrogen fertilisers can free up Egyptian supply to world markets, which is mildly bearish for urea and ammonia prices.
globaltradealert.orgAug 3, 2017After 34 past bearish policy events, UREA moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% 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.
