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ICE UK natural gas futures rose 8.09% to 233.52 pence per therm, and TTF Dutch gas futures rose 7.88% to 93.69 euros per MWh. The moves continued steadily through the session.
No specific cause was given.
European gas prices affect the cost of nitrogen fertilizer production and the competitiveness of European feed processing. A sustained rise would add cost pressure to the feed chain.
Not enough comparable past events yet for a historical read.
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.