Loading…
Egypt is preparing a package of spending cuts and consumption curbs as surging global energy prices strain state finances. Officials are weighing natural gas price hikes for industrial plants and a 20% cut in fuel supplies to fertilizer producers, which has already cut output at one state fertilizer facility to below 40% capacity.
Reduced gas supply to Egyptian fertilizer plants tightens nitrogen fertilizer availability, supporting urea prices and raising farm input costs for feed grain production. Higher energy costs also feed into broader feed ingredient and freight costs.
almanassa.comNov 3, 2026After 91 past bullish macro events, UREA moved a median +0.1% over 5 sessions (51% higher; middle half -2.0% to +3.7%), and +4.8% over 20.
After 484 past bullish macro events, WTI moved a median +1.0% over 5 sessions (61% higher; middle half -1.9% to +4.1%), and +1.5% 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.
