Fertiliser giant Yara braces for €1bn gas bill increase

Yara has historically sourced phosphate, potash and ammonia from Russia, and purchases significant volumes of natural gas from Russia for its production in Europe.

Yara has curtailed its ammonia and urea output in Italy and France in March due to the record high natural gas prices in Europe. Picture: Sameer Al-Doumy/ AFP via Getty Images

A €1bn gas bill increase for April, May, and June is one of the war disruptions revealed by Yara, the world’s leading crop nutrition company, in its quarterly business report.

Yara’s gas bill increase will fall back to €711m, for July, August, and September, predicts the Norway-based company.