Fertilizer Prices Rise Alongside Loans
Today, there was a noticeable fluctuation in fertilizer prices in the local markets due to the ongoing crisis caused by the black market activity and the increased demand for fertilizers. The price of special ammonium nitrate reached approximately 25,770 EGP per ton, an increase of 550 EGP. Meanwhile, the price of regular ammonium nitrate rose to about 14,427 EGP, a rise of 651 EGP. The price of ammonium sulfate decreased to around 19,056 EGP per ton, a drop of 1,722 EGP. On the other hand, the price of special urea increased to 26,351 EGP, up by 447 EGP, while the average price of regular urea stood at 15,515 EGP, an increase of 505 EGP.
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