Egypt ' s fertilizer plants have resumed their activity significantly, supplying about 260,000 tons of zoate fertilizers, including nitrates and urea, to the Ministry of Agriculture. This amount, representing some 60% of the total agreed supplies, comes after a period of stopover due to a lack of natural gas.
Optimistic numbers.
Official data, accessed by Arab Pans, show that the total supply agreed with companies amounts to 220,000 tons per month, produced from seven factories, whether governmental or private, from major factories such as Kimi, Suwan, Alan, Alexandria and Abuqir for fertilizer, while the Delta plant continues to enjoy a long stop due to the ageing of its equipment.
Ministry strategy
In this context, I must return, President of the General Assembly on Agricultural Credit, that the Ministry of Agriculture has decided to pay fertilizer shares to cooperative societies in two instalments during the summer season, which is aimed at reducing the pressure on peasants in various governorates and is expected to return the first batch by mid-September, where each acre receives three complaints.
Previous challenges and volatile prices
It should be noted that the fertilizer plants suffered 30 days of disruptions during May and June, owing to the lack of supplies of natural gas from Israel. This crisis has led to a rise in fertilizer production costs, with the prices of uranium and nitrate jumping by about 40%. Over time, a 30% decline in prices has been observed in August, but the trader Ahmad Al-Mid, from the city of Itai Barod, has indicated a new price increase of £5,000.
Stability in euros and fluctuations in nitrate prices
While euro prices remained relatively stable owing to adequate availability, the market for nitrates experienced a shortage of supply, resulting in higher prices in the free market, prices continued to be pursued by peasants and traders to ensure the required balance in agriculture.
Executive summary
These supplies represent a new starting point for the Egyptian agriculture sector, and stress the importance of a rapid response to crises, as the Government continues to support farmers and provide their needs, the future seems brighter for agricultural production in Egypt.
