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Reuters reports that Yara, one of the world's largest fertiliser makers, is slashing output, raising doubts about European fertiliser production. Ammonia is essential to nitrogen fertiliser, and shortfalls can reduce future crop yields.
Reduced European ammonia and nitrogen output tightens global fertiliser supply, supporting urea prices and raising input costs for grain and oilseed growers.
reuters.comLouise RasmussenAug 25, 2022After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.
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.
Reuters coverage of Yara's output cuts amplified supply-shortage sentiment in European nitrogen markets on the day of the move.
