
Egypt raised its export duty on nitrogen fertilizers from EGP 600 to EGP 2,500 per tonne under a June 2021 decree. The duty takes effect immediately and remains in place until June 2022.
The move affects producers that export nitrogen fertilizer from Egypt.
The higher duty makes Egyptian nitrogen exports less attractive, which tightens some global urea and ammonia supply. The effect on prices is modest because Egypt is a relatively small exporter.
Setelah 129 peristiwa kebijakan bullish sebelumnya, Urea bergerak median -0,1% selama 5 sesi (47% lebih tinggi; separuh tengah -1,3% sampai +2,3%), dan +1,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.