Norwegian fertilizer plant Yara to cut production by about 35% due to high gas prices, -Bloomberg

Norwegian fertilizer plant Yara to cut production by about 35% due to high gas prices, -Bloomberg
Photo by John O'Nolan / Unsplash

Previously, Achema, the largest fertilizer plant in the Baltics, and ANWIL, a Polish producer of nitrogen fertilizers, have already closed.

The energy crisis may result in 25% reduction of fertilizer production.  This, in turn, may cause food prices to rise as early as this season and further accelerate inflation in the EU.