Oslo — While Yara International ASA reported a surge in second-quarter sales volumes, lower prices offset those to spur a drop in net income after non-controlling interests to NOK1,865 million (NOK6.68 per share) on revenues of NOK23,190 million, down from the year-ago NOK2,787 million (NOK9.82 per share) and NOK21,423 million. While the total sales volumes were up at 8.12 million mt versus 7.1 million mt, Yara noted that global urea prices declined almost 30 percent – $342/mt FOB Black Sea versus the year-ago $471/mt – while value-added fertilizer prices were broadly in line with a year ago. Total sales volumes of urea were 1.97 million mt versus 1.49 million mt. NPK and nitrates also saw significant volume increases, while ammonia was off at 790,000 mt from the year-ago 902,000 mt. Six-month net income was NOK4,120 million on revenues of NOK43,879 million, versus the year-ago NOK5,795 million and NOK42,726 million, respectively. Six-month volumes were 15.2 million mt, up from the year-ago 14.4 million.
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