The amended levy will regulate export operations of nitrogen fertilizers
and help provide the monthly quota set for the Ministry of Agriculture and Land
Reclamation.
Cairo-
Mar 2, 2021
Minister of Trade and Industry Nevine Gamea has issued a decree maintaining
the export duties previously imposed on nitrogen fertilizers by Ministerial Decree
No. 59 of 2021, while raising the fee to EGP600 per ton.
“The decision - which will be in force for a year as its publication in the
Egyptian gazette - comes as a result of the significant rise in global prices
of fertilizers during the last months of January and February, reaching an
average of $230 per ton in 2020, which necessitated a review of the existing
fee,” Gamea said.
She added that the amended levy will regulate export operations of nitrogen
fertilizers and help provide the monthly quota set for the Ministry of
Agriculture and Land Reclamation, hence meet local market needs and facilitate
farmers' access to the needed quantities.