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بوابة الشروق
Local fertilizer prices fell 20% in June
In June, fertilizer prices in the local market decreased by 20%, reaching 24,000 Egyptian pounds per ton, down from 30,000 pounds in May. This decline coincided with a global drop of over 48% in prices, which fell to $442 per ton. Geopolitical tensions and the reopening of the Strait of Hormuz caused prices to rise during March and April. The government is considering canceling the bidding system for selling fertilizers in the free market and setting a final price to regulate and control the market, in response to increased demand during the summer planting season.
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