Egypt denies shortage in subsidized fertilizers, confirms stable prices

Egypt's Cabinet Media Center has issued a statement denying rumors of a shortage in subsidized fertilizers and any new price increases.

• The Cabinet Media Center, citing the Ministry of Agriculture, said subsidized fertilizers are available at 4,500 pounds per ton.
• The ministry confirmed that no new price increases for subsidized fertilizers were approved.
• The ministry stated it distributed more than 18 million fertilizer bags during the summer season.
• Urea bags cost 290 pounds and nitrate bags 285 pounds, according to the ministry.