John Collins of Cappoquin Estate using the Yara N sensor for variable application of nitrogen on a crop of Graham winter wheat at growth stage 30. / Donal O' Leary
ADVERTISEMENT
Yara is to cut its fertiliser output in Europe by 40%, it has announced.
The move is being made due to rising natural gas price, according to the company.
“Record high natural gas prices in Europe are impacting ammonia production margins and, as a result, Yara is curtailing production at a number of its plants,” the company said.
ADVERTISEMENT
“Including optimisation of ongoing maintenance, Yara will by next week have curtailed around 40% of its European ammonia production capacity.
"Yara will continue to monitor the situation, with the objective to keep supplying customers but curtailing production where necessary,” it said.
Yara supplies large amounts of bulk nitrogen to fertiliser suppliers in Ireland.
The Norway-based fertiliser company reported a 19% increase in operating profits to €115m for its 2020 financial year, as operating profit margins jumped to 10%.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Yara is to cut its fertiliser output in Europe by 40%, it has announced.
The move is being made due to rising natural gas price, according to the company.
“Record high natural gas prices in Europe are impacting ammonia production margins and, as a result, Yara is curtailing production at a number of its plants,” the company said.
“Including optimisation of ongoing maintenance, Yara will by next week have curtailed around 40% of its European ammonia production capacity.
"Yara will continue to monitor the situation, with the objective to keep supplying customers but curtailing production where necessary,” it said.
Yara supplies large amounts of bulk nitrogen to fertiliser suppliers in Ireland.
The Norway-based fertiliser company reported a 19% increase in operating profits to €115m for its 2020 financial year, as operating profit margins jumped to 10%.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS