1414 GMT - Fertilizer prices will remain elevated over the long term because of damage to infrastructure in the Middle East, Jefferies analysts write. Constraints to the export of ammonia caused by the effective closure of the Strait of Hormuz will push prices higher, the analysts say. Since February, contract prices have risen for ammonia and potash by 6% and 2%, respectively. Ammonia supply will be further reduced after Yara International paused production at its Pilbara plant in Australia, the analysts say. European fertilizer stocks gain, with ammonia-producer Yara climbing 4.2%, while potash-producer K+S gains 3.4%. Chemicals group IMCD gains 5.1%. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 10:14 ET (14:14 GMT)

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