45% decline in fertiliser exports during August: CEC report

Shaimaa Al-Aees
2 Min Read
Egypt's farmland offers minimal incentives to Arab investors (Photo by Hassan Ibrahim\ DNE)

Egyptian fertiliser exports declined by EGP 2.1bn during the first eight months of the current year to record EGP 1.4bn, compared to EGP 3.5bn during the same period of 2014, according to a report issued by the Chemicals and Fertilizers Export Council (CEC) .

The report said fertiliser exports declined by 45% during the month of August, reaching EGP 208m, compared to EGP 381.5m in August 2014.

Abu Zaabal Fertilizer and Chemical Factory topped the list of fertiliser sector exports, valued at EGP 229.8m during the period from January to August 2015, followed by the Egyptian Fertilizers Company (EFC), from which exports amounted EGP 185.1m in the same period. Abu Qir Fertilizers Company came next, where exports amounted to EGP 143.7m, and Alexandria Fertilizers Co. (AlexFert) exports amounted to EGP 128.3m.

Misr Fertilizers Production Company (MOPCO) exports amounted about EGP 99.1m by the end of August, while exports from the Suez Company for Fertilizer Production (SCFP) reached approximately EGP 97.9m, and exports from the Egyptian Chemical Industries Company (KIMA) amounted to EGP 91.2m.

Brazil accounted for 28% of Egyptian fertiliser exports during the period from January to August 2015, at EGP 358m, followed by France with EGP 338.8m, and Italy with EGP 142.5m, and Greece with EGP 132m.

Further, chemical and fertiliser exports declined during June by 37% compared to June 2014. Organic chemical exports declined to record EGP 6.8m compared to EGP 150.7m in June 2014, marking a decline of 95%.

Moreover, fertiliser exports also declined by 54% to reach EGP 177.6m in June 2015, compared to EGP 384.1m in June 2014.


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