The Clap
Looks like Egypt was one of Europe’s green thumbs this year, with fertilizers flying off the shelves & into the fields.
What
With exports of fertilizers tripling year-over-year in the first 10 months of 2022, it’s clear that demand was through the roof.
So what
It’s no secret that fertilizer companies listed on the EGX have been on a tear recently, but could there be potential for more demand & in turn profits?
Now what
The war between Russia and Ukraine resulted in sanctions on the Russian economy, which meant Europe had to turn elsewhere for its fertilizers. Lucky for them, Egypt was ready & willing to help out.
