Egypt has imposed a $90/ton three-month levy on nitrogen fertilizer exports to take advantage of soaring global prices.
A decree issued by theMinistry of Investment and Foreign Trade on 5 May applies the levy on nitrogen-based products such as urea and ammonia, which account for the bulk of gas-intensive fertilizer production dedicated to exports. A major urea producer, Egypt exported around 3.2mn tons in 2024, according to the latest World Bank data. (CONTINUED - 694 WORDS)
