Yara International ASA said Friday that it had curtailed ammonia production due to increased natural-gas prices. Here's what the Norway-based chemical company said:

On ammonia margins:

"Record high natural gas prices in Europe are impacting ammonia production margins, and as a result Yara is curtailing production at a number of its plants."

On production:

"Including optimization of ongoing maintenance, Yara will by next week have curtailed around 40% of its European ammonia production capacity. Yara will continue to monitor the situation, with the objective to keep supplying customers but curtailing production where necessary."

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

September 17, 2021 09:06 ET (13:06 GMT)

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