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AGF Nitrogen, described as Europe's second-largest ammonia and fertilizer maker, has halted some ammonia production lines and may halt more within weeks. Its chief executive said high gas prices, linked to tensions in Ukraine and the Middle East, have made European ammonia production costlier than imports.
Demand has also weakened.
Further shutdowns would cut European ammonia and nitrogen fertilizer output and tighten supply. That supports nitrogen fertilizer prices and raises input costs for European feed producers.
fertilizerdaily.comKim ClarksenNov 12, 2026After 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.
