Aug 25 – Norway’s Yara (YAR.OL), one of the world’s largest fertiliser makers, is slashing ammonia production due to soaring gas prices, raising questions about Europe’s ability to produce enough fertiliser for its crops.
Ammonia plays a key role in the manufacturing of fertiliser. Without it, crop yields will deteriorate because nutrients removed from soil during harvesting are not replenished.
Yara has repeatedly warned the world faces an extreme food supply shock due to a combination of high gas prices, the war in major grains producer Ukraine and sanctions on fertiliser producer Russia. read more
h/t Yard Ape
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