The Chemical Fertilisers Export Council announced an increase of 26% in the exports of the sector, to record $2.59bn, during the first half (H1) of 2018, up from $2.58bn, during the same period last year.
Notably, Egypt witnessed a crisis in the prices of fertiliser and its products over the past few weeks, such that fertiliser prices have recorded significant increases in recent weeks, including urea, which reached EGP 3.2090 per tonne in associations and EGP 5,600 on the black market.
Despite this crisis, the Chemical Fertilisers Export Council announced earlier that it aims to increase its total exports by the end of this year by between 20% and 25%, to record about $5.5bn.
Moreover, the total exports of the chemical industries in 2017 amounted to about $4.46bn, a growth rate of 33% over 2016.
Furthermore, in 2016, the value of the chemical industries’ exports amounted to $3.36bn, up from $2.97bn in 2015, an increase of 13%.
Notably, the members of the council are expected to meet this week with Minister of Trade and Industry Amr Nassar to present the strategy of the council for the promotion and development of the sector’s exports.
