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Yara is implementing further curtailments in Europe due to record high gas prices, bringing its European ammonia capacity utilisation to around 35%. Across its European system, it has curtailed the equivalent of 3.1 million tonnes of ammonia and 4.0 million tonnes of finished products.
Cutting roughly 4 million tonnes of finished fertiliser output removes a large share of European supply, tightening global urea and nitrate markets and lifting prices.
yara.comAug 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.
Yara's further European curtailments (ammonia utilisation about 35%) announced on 25 August cut nitrogen supply and likely triggered urgent buying and price spikes.
