Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Yara International ASA
  6. News
  7. Summary
    YAR   NO0010208051

YARA INTERNATIONAL ASA

(YAR)
  Report
Real-time Oslo Bors  -  10:29 2022-12-02 am EST
450.50 NOK   +0.18%
12/02Yara Ghana Congratulates Farmers, Fishers ... Company Reiterates Commitment to Agriculture
AQ
12/02Turning potato chips climate friendly in Argentina
GL
12/02Turning potato chips climate friendly in Argentina
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

German fertiliser demand, imports drop as prices soar

09/26/2022 | 11:11am EST

FRANKFURT, Sept 26 (Reuters) - Germany's farmers are ordering less fertiliser, put off by soaring costs after major suppliers of synthetic plant nutrients have curtailed production, the country's statistics office said on Monday.

Imports of fertiliser into Germany are also on the decline, the office said, indicating that farmers and fertiliser traders have not found cheaper outlets abroad.

Across domestic and foreign sources, German farmers and traders purchased 238,000 tonnes of nitrogen fertiliser during the April-to-June quarter, down 18.5% from a year earlier and down 25% from the first quarter.

Nitrogen fertiliser is the most commonly used chemical plant nutrient by volume, and it requires natural gas for production.

BASF, Yara and unlisted SKW Piesteritz, which run Germany's largest ammonia and urea plants, the raw materials for nitrogen fertiliser, have cut or stopped production due to surging gas prices after Russia curtailed gas deliveries to Germany.

"Behind the decline in sales is the highly energy-intensive nature of the production of most fertilisers," the statistics office said. "The high gas prices and the associated decline in fertiliser production and sales have been increasingly reflected in fertiliser prices since this spring," it added.

Prices charged for fertilisers in Germany more than doubled from July to August, the office said.

In the seven months from January to July 2022, fertiliser imports declined 11% to 2.1 million tonnes from the year-earlier period.

The main fertiliser-supplying nations to Germany this year have been the Netherlands, Belgium and Poland, accounting for 21%, 15% and 14% of German imports, respectively, the statistics office said. This includes potash and phosphate plant nutrients.

OCI NV, a major Dutch fertiliser maker, has also cut output at its ammonia facility. A major Polish nitrogen fertiliser maker is Anwil, part of Polish refiner PKN Orlen .

Ukrainian President Volodymyr Zelenskiy said this month he would back the idea of reopening Russian ammonia exports through Ukraine, but only if Moscow released prisoners of war, an idea the Kremlin rejected. (Reporting by Ludwig Burger Editing by Miranda Murray and Mark Potter)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BASF SE 1.82% 48.73 Delayed Quote.-21.12%
OCI N.V. -2.16% 38.98 Real-time Quote.69.33%
POLSKI KONCERN NAFTOWY ORLEN SPÓ?KA AKCYJNA -5.48% 64.5 Delayed Quote.-13.24%
S&P GSCI NATURAL GAS INDEX -6.78% 294.0819 Real-time Quote.68.39%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.62% 62.572 Delayed Quote.-18.33%
YARA INTERNATIONAL ASA 0.18% 450.5 Real-time Quote.1.24%
All news about YARA INTERNATIONAL ASA
12/02Yara Ghana Congratulates Farmers, Fishers ... Company Reiterates Commitment to Agricult..
AQ
12/02Turning potato chips climate friendly in Argentina
GL
12/02Turning potato chips climate friendly in Argentina
AQ
12/02Yara Signs Memorandum of Understanding with El Parque Papas to Deliver Green Fertilizer..
CI
12/02TotalEnergies Joins Maritime Decarbonization Project to Develop Ammonia-Powered Tankers
MT
12/02French oil giant TotalEnergies joins ammonia-powered tanker project
RE
11/30YARA : Downgraded to Neutral by Deutsche Bank
MD
11/29Yara's employee share purchase program and mandatory notification of trades
AQ
11/29Yara's employee share purchase program and mandatory notification of trades
GL
11/29Yara's employee share purchase program and mandatory notification of trades
AQ
More news
Analyst Recommendations on YARA INTERNATIONAL ASA
More recommendations
Financials
Sales 2022 251 B 25 597 M 25 597 M
Net income 2022 25 745 M 2 623 M 2 623 M
Net Debt 2022 34 881 M 3 554 M 3 554 M
P/E ratio 2022 4,46x
Yield 2022 11,0%
Capitalization 115 B 11 692 M 11 692 M
EV / Sales 2022 0,60x
EV / Sales 2023 0,63x
Nbr of Employees 17 800
Free-Float 63,8%
Chart YARA INTERNATIONAL ASA
Duration : Period :
Yara International ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends YARA INTERNATIONAL ASA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 450,50 NOK
Average target price 477,39 NOK
Spread / Average Target 5,97%
EPS Revisions
Managers and Directors
Svein Tore Holsether President & Chief Executive Officer
Lars R°sŠg Vice President
Trond Berger Chairman
Geir Olav Sundb° Independent Director
Rune Asle Bratteberg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
YARA INTERNATIONAL ASA1.24%11 692
CF INDUSTRIES HOLDINGS, INC.46.43%20 480
QINGHAI SALT LAKE INDUSTRY CO.,LTD-29.78%19 233
SABIC AGRI-NUTRIENTS COMPANY-18.69%18 186
THE MOSAIC COMPANY25.50%16 789
FERTIGLOBE PLC30.97%10 418