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According to information released by the Ministry of Supply and Internal Trade, the price of the product imported from Brazil dropped 12% at official points of sale in the Arab country.
The Egyptian government announced it would hold five major regional forums to present climate-related projects. They will occur right before the 27th United Nations Climate Conference, to take place in Sharm El-Sheikh in November.
The Arab country signed a Memorandum of Understanding with Indian company Renew Power to implement a green hydrogen plant.
Participating over the internet in the Economic Forum Brazil & Arab Countries, ministers of Egypt, Jordan, and Morocco presented opportunities for Brazilian companies.
Fertilizers are one of the promising sectors for the Egyptian economy, and their connection with food and clothing is of utmost importance to the global economy. Brazil accounts for 90% of the company’s exports.