The price of urea, the main product of nitrogen fertilizer producers, began to decline in August in the Middle East. The price of granulated urea dived 9% m/m and 11% y/y in August 2019, developing a pattern that could pressure local producers’ margins in Q3 2019. In Today’s Story, we explore the impact of this price drag on EGX-listed stocks linked to urea.
For more details, please read the full report below.