The Chairman of the Board of Directors of Abu Qir Fertilizers Company received a delegation from the office of the Arab-Brazilian Chamber of Commerce in Cairo, headed by Michael Gamal, the Regional Director, to discuss ways of cooperation and the company’s opportunities to enter the Brazilian market and direct export, thus increasing the company’s exports of fertilizers to São Paulo.
During the meeting, Ezz Al-Regal stressed that the company has a great interest in the Brazilian market, as one of the largest markets and largest agricultural countries in the world, and there is a promising opportunity for integration between Egypt and Brazil, as Egypt is one of the largest exporters of fertilizers and agricultural chemicals.
Abed Ezz Al-Regal, Chairman of the Board of Directors of Abu Qir Fertilizers Company, said that the company is already exporting to the Brazilian market, but through commercial intermediaries, the matter that wastes a large part of the company’s profits, so the company welcomes cooperation with the regional office of the Arab-Brazilian Chamber of Commerce in Cairo to identify the available opportunities in the Brazilian market. He explained that Abu Qir Fertilizers Company is one of the largest fertilizer companies in the Middle East, and the company’s sales amounted to about LE 16.3 billion during FY 2021-2022, compared to sales of LE 8.8 billion during the previous year, with a growth rate of 85%. He stressed that the company always seeks to meet its customer’s needs, in the local and export market, with all kinds of nitrogen fertilizers, chemical fertilizers and its related materials, or necessary for manufacturing. He concluded that business results of the Abu Qir Fertilizers Company showed that the company’s net profit doubled on a record to reach almost LE 9 billion pounds during the year, compared to a net profit of LE 3.5 billion during the previous year.
For his part Michael Gamal the Regional Director of the Arab-Brazilian Chamber of Commerce office in Cairo, welcomed cooperation with the company and facilitating the entry of its products into the Brazilian market, especially since nitrogen fertilizer products are in great demand in São Paulo, and there are promising opportunities for Egyptian fertilizers to acquire a large share in the Brazilian market.
Gamal Ali stressed that the Arab-Brazilian Chamber of Commerce is currently preparing a commercial mission of fertilizer companies to visit Brazil before the end of this year, to get acquainted with Brazilian market needs closely and discuss the most important challenges facing Egyptian companies to increase their exports. He stressed that the Chamber’s regional office received the Brazilian Minister of Agriculture, and a meeting was organized with fertilizer companies to review the production capacities of the Egyptian companies, and discuss obstacles to facilitate the entry of the Egyptian product to Sao
Paulo. He added that Brazil is one of the largest food-producing countries in the world, and Egypt imports yellow corn, soy, sugar and others, while Brazil’s production of fertilizers reaches only 15% of its annual needs and depends on imports to maintain its agricultural production, which enhances the chances of the Egyptian product in particular. Egypt is the only Arab country that has a free trade agreement with Brazil, “the Mercosur Agreement”, which makes Egyptian products enter Brazil’s markets without customs.
