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Yara International plans to shut a nitrogen fertilizer plant in Italy producing about 600,000 tonnes each of anhydrous ammonia and urea, citing falling global urea prices. StoneX analyst Josh Linville says more closures could follow and tighten supply, though he calls the situation not a crisis.
A possible wave of European plant closures would tighten nitrogen supply and could lift fertilizer prices, a cost concern for feed producers.
brownfieldagnews.comLarry LeeNov 22, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
