Yara International ASA is increasing fertilizer production as the price of natural gas has fallen, CEO Svein Tore Holsether said in an interview with Bloomberg in Nairobi on Nov. 25. However, he noted that gas prices remain a risk.
He said the most critical period in terms of gas supply was August and September. Holsether added that Yara is looking at expanding ammonia production in Africa. “The place where it makes most sense to scale up is right here in Africa.”