23 Hrs
Source:
الاقتصادية
Egypt fertilizer firms profit amid Middle East crisis
Fertilizer companies in Egypt recorded financial gains worth billions of Egyptian pounds during the first half of 2026, as a result of increased exports and the opening of new markets, especially after disruptions in fertilizer supplies from the Middle East due to regional conflicts. Egypt's fertilizer exports rose by 25% in the first seven months of the year compared to the same period last year, leading to strong profits for companies such as Misr Fertilizers Production Company (MOPCO) and Abu Qir Fertilizers, with their sales and net profits increasing significantly. Egypt particularly benefited from India's demand for urea amid the halt of Gulf region supplies, as tenders were held to import more than two million tons of urea. This caused prices to soar to over $900 per ton, significantly enhancing Egypt's economic gains from the crisis.
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