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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