EnergyWatch

Europe’s energy woes hit fertilizers in another threat to food

Current high prices of energy in Europe, both on gas and electricity, continue to inflate costs for a range of associated commodities. The fertilizer industry, dependent on gas-powered ammonia production, is being hit hard and the squeeze could trigger higher food prices.

Photo: Patrick Pleul/AP/Ritzau Scanpix

Europe’s energy crisis is spreading to the fertilizer industry, threatening to tighten food supplies and push prices even higher.

Norwegian fertilizer maker Yara International ASA on Friday said record-high gas prices are hurting its production, and will by next week have curtailed about 40 percent of its European ammonia output capacity. That comes after another producer, CF Industries Holdings Inc., said on Wednesday it’s halting two plants in the UK due to soaring energy costs.

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