# Yara profits show European production not in danger for now despite higher gas costs

> Yara reported third-quarter 2018 results with EBITDA up 16% year on year to $402m, despite European gas costs rising to $8.2/MMBtu. Urea production rose to 1.59m tonnes from 1.39m tonnes, and the company forecast a positive outlook even with higher gas prices expected in Q4 2018 and Q1 2019.

- Date: 2018-10-19 · published 2018-10-19T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/62833-yara-profits-show-european-production-not-in-danger-for-now-despite-higher-gas
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

European urea output is about 5% of global supply, and with China and Iran absent from export markets, staying online keeps supply tight and supports the three-year-high urea prices that feed grain and fertilizer costs.

## Read by commodity

- UREA: bullish ▲

## Sources

- profercy.com: https://www.profercy.com/insights/yara-profits-show-european-production-not-in-danger-for-now-despite-higher-gas-costs

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.