Yara hits record high as urea market tightens amid Middle East unrest

Yara International ASA

07/04/2026 13:14

Fixes typo in analysts' surname in the third bullet point, updates share move in the first bullet point

** Shares in Yara YAR.OL rise around 6% to record high, with analysts pointing to the Middle East escalation worsening the urea deficit

  ** Analyst Jeppe Baardseth at Arctic Securities flags delivery disruptions, pointing to the Gulf Petrochemical Industries Company urea factory being hit by drones on Sunday and Iran's largest urea plant allegedly being hit on Monday

** Baardseth also highlights a media report that India seeks to buy 2.5 million tons of urea, tightening the market balance even further

** A longer disruption of the Strait of Hormuz will affect the market balance as Middle East region is key for the supply of fertilizers and availability of key feedstock, senior equity research analyst Elliott Jones at Danske Bank says

** Brokerage Pareto Securities raised on Tuesday its recommendation on Yara to "buy" from "hold" and raised the target price to NOK 650 from NOK 465, saying it expects urea demand to remain firm despite deterioration in farmer affordability

** The stock is one of the best performers on STOXX 600 .STOXX index

 (Reporting by Alexander Klyve Gudbrandsen and Izabela Niemiec)

 ((alexanderklyve.gudbrandsen@thomsonreuters.com))