The amended levy will regulate export operations of nitrogen fertilizers and facilitate farmers' access to the needed quantities.
Cairo- June 3, 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 it to EGP2,500 per ton.
"The decision - which will be in force for a year as of its publication in the Egyptian gazette - comes as a result of the significant rise in global prices of fertilizers during the last three months, 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.