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Wednesday, 3 March 2021

Also on our radar on 3 March 2021

Fertilizer export tariffs raised amid commodities boom: The Trade Ministry has raised the duty imposed on nitrogen fertilizer exports as it looks to secure local supply amid rising global prices. Fertilizer companies will now pay EGP 600 to export a ton of fertilizer, up from EGP 550 , the ministry said yesterday. The global commodities boom has pushed up the price of fertilizers, with a ton now averaging USD 370 in the global market, up from USD 230 last year.

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