Another fertiliser producer hit by spike in the price of gas

Borealis reduces its output and more are expected to follow as price of gas puts pressure on industry already facing tight supply

Fertiliser producers have been under pressure as the surging price of gas puts the squeeze on profit margins. 

Another European fertiliser producer, Borealis, is reducing output and more are expected to follow as surging natural gas prices squeeze profit margins in an industry already facing tight supply.

Ammonia is used to make nitrogen fertilisers, and prices are spiking as manufacturers grapple with dramatically higher costs.