# Yara curbs European production amid lower fertiliser prices

> Yara has idled more than half of its European ammonia production capacity because of a steep fall in fertilizer prices. Its first-quarter earnings came in well below expectations due to those market price declines.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: market · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/6331-yara-curbs-european-production-amid-lower-fertiliser-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Production cuts signal that producers see low nitrogen prices as unprofitable, which can tighten supply later. For now the price effect is bearish for European nitrogen fertilizer.

## Read by commodity

- UREA: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/yara-first-quarter-earnings-fall-more-than-expected-2023-04-28/

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