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Agriculture Minister Denies Fertilizer Black Market
The Minister of Agriculture, Alaa Farouk, denied the existence of a black market for fertilizers in Egypt, confirming that a bag of urea is available at prices ranging between 900 and 1,000 Egyptian pounds in the free market, with a surplus in supply. He explained that fertilizers are divided into subsidized for strategic crops and free fertilizers, and that weekly auctions are organized to ensure their availability, which has led to a decrease in the price of a bag in the market. He also confirmed that the ministry has distributed around 700,000 tons of subsidized fertilizers to farmers. He considered that the increase in fertilizer prices is linked to higher production costs due to the rise in natural gas prices from 7 to between 17 and 20 dollars, and stated that the decision to prevent the disbursement of subsidized fertilizers for trees will not significantly impact production.
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