FARM BUSINESS NEWS
Wed Feb 12, 2014 07:29 AM CST

OSLO (DTN) -- Norwegian fertilizer producer Yara International ASA Wednesday reported a sharp fall in fourth-quarter net profit as an oversupplied urea market led to such high-cost producers as China and Ukraine to curtail production.

Yara's net profit was 59 million Norwegian kroner ($9.6 million) in the fourth quarter, compared with a net profit of NOK2.17 billion in the same period a year earlier. The average forecast in a FactSet poll of 12 analysts was for a net profit of NOK945 million.

The company said it received on average 26% less on the year for its urea, 15% less for ...

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