# OCI provides operational update | World Fertilizer

> OCI N.V. reported first-half 2017 adjusted EBITDA of US$316 million and adjusted net income of US$47 million, with record own-produced volumes up 10.4%. The company cited an unplanned shutdown at Sorfert, with business interruption expected to be covered by insurance. Its CEO said urea and ammonia prices had dropped to unsustainably low multi-year levels during the half.

- Date: 2017-09-06 · published 2017-09-06T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/69268-oci-provides-operational-update-world-fertilizer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Fertilizer producer results and volume data show nitrogen supply staying ample while prices remain weak, which keeps input costs for feed grain growers under pressure. The direct effect on feed commodity prices is small.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-10-05 | [International Fertilizer Price September'21 Update -](https://feedsoft.ai/events/44881-international-fertilizer-price-september-21-update.md) | +6.2% | +11.5% |
| UREA | 2023-04-08 | [Global Fertilizer Price Updates: March’ 2023 -](https://feedsoft.ai/events/5937-global-fertilizer-price-updates-march-2023.md) | +8.3% | +8.3% |
| UREA | 2023-12-17 | [International Fertilizer Price Report: Nov 2023 Updates and Analysis -](https://feedsoft.ai/events/33042-international-fertilizer-price-report-nov-2023-updates-and-analysis.md) | +1.6% | +2.4% |
| UREA | 2024-09-11 | [global fertilizer demand set to see little growth \| World Fertilizer](https://feedsoft.ai/events/28223-global-fertilizer-demand-set-to-see-little-growth-world-fertilizer.md) | +0.3% | +5.9% |
| UREA | 2023-12-18 | [India notified trend of average International prices of fertilisers upto Nov 2023 -](https://feedsoft.ai/events/33033-india-notified-trend-of-average-international-prices-of-fertilisers-upto-nov.md) | +1.6% | +2.4% |

## Sources

- worldfertilizer.com: https://www.worldfertilizer.com/nitrogen/06092017/oci-provides-operational-update/

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