Abu Qir and Delta Fertilisers allowed to sell 45% of production at international prices or in the export market
According to an article in Al Mal, Abu Qir Fertilisers [ABUK.CA] and Delta Fertilisers have been given approval to sell 45% of their production in the local market at international prices or to sell directly in the export market, while maintaining a 55% volume quota to the Principal Bank for Agricultural Credit. The article further adds that this move was taken to compensate the companies for the depreciation in the EGP. (Al Mal)
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