EU Fertilizer Plants Close due 2 Hi Energy Cost…

Beer and meat production take a hit as fertilizer plants shut down due to soaring energy prices.

On Thursday, the world’s largest fertilizer company Yara, based in Norway, announced a 50 percent cut to its ammonia-based urea and nitrogen fertilizer production in Europe, citing “record high prices."

The decision came less than 24 hours after Britain’s largest fertilizer plant CF Fertilisers UK said it would “temporarily halt” production at its Billingham plant. Two other major fertilizer producers in Poland announced they would pause operations earlier in the week.

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Since the end of July, ammonia producers in Italy and Germany have also cut production and sent European food and drink companies “scrambling” to secure tightening CO2 supplies, Allen added.