Agricultural and fertilizer companies are falling on the announcement that the US will help restore Russia's access to the world market for agricultural and fertilizer exports.

In addition, the US will help lower the cost of maritime insurance and improve access to ports and payment systems for such transactions, according to an agreement reached at talks in Riyadh, Saudi Arabia.

In the sector, CF Industries is down 1.8 percent while Mosaic drops 1.7 percent.

In Europe, Yara is down around 3.5 percent.