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Fertilizer
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U.S. suspends some duties on Moroccan phosphate fertilizers as supply concerns grow
The move gives Moroccan fertilizer exporters short term relief while the U.S. reviews its trade measures.
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Egypt shifts nitrogen fertiliser export tax to percentage based levy
The new tax system links export duties to market prices while exempting high grade ammonium nitrate.
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IFC prepares US$174M financing package for Egypt’s Indorama phosphate fertilizer project
The financing comes as tighter global phosphate supplies create fresh opportunities for new producers entering the market.
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AFC commits US$600M to Dangote’s US$7B fertiliser expansion in Africa
The financing will support a major increase in fertiliser production in Nigeria and fund a new manufacturing plant in Ethiopia as Africa seeks to strengthen food production and cut reliance on imports.
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Morocco’s Phosphate industry helps cushion economy as global growth slows
Rising fertilizer exports are helping Morocco manage higher energy costs and weaker global economic growth, according to the World Bank.