YARA INTERNATIONAL ASA Yara International ASA said Friday that it had curtailed ammonia production due to increased natural-gas prices. Here's what the Norway-based chemical company said:
On ammonia margins:
"Record high natural gas prices in Europe are impacting ammonia production margins, and as a result Yara is curtailing production at a number of its plants."
On production:
"Including optimization of ongoing maintenance, Yara will by next week have curtailed around 40% of its European ammonia production capacity. Yara will continue to monitor the situation, with the objective to keep supplying customers but curtailing production where necessary."
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
09-17-21 0906ET
