Yara International, the Norwegian fertiliser maker, soared 11.2 per cent to NKr387.50 after posting a bigger-than-expected jump in first-quarter operating profit and forecasting further gains as production runs at capacity in a tight global market.Higher food prices signal food scarcity and capital - that is, effort - flows towards producing more food.
Makers of fertiliser have been boosted by strong demand from farmers trying to increase their crop yields in the face of rising global demand for food.
K&S, the German potash fertiliser maker, rose 5.1 per cent to €253.39, while Swiss agrochemicals group Syngenta climbed 2.5 per cent to SFr324.
April 18, 2008
Human "greed" to the rescue
From today's Financial Times: