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 ...

Quick View
Related News Stories
Blast Victims' Families Seek Closure
DTN Retail Fertilizer Trends
Uralkali 2013 Profit Slumps
DTN Retail Fertilizer Trends
Potash Corp Names New CEO
Canada's Grain Transport Conundrum
DTN Retail Fertilizer Trends
DTN Fertilizer Outlook
Dr. Dan Talks Agronomy
DTN Retail Fertilizer Trends