Nitrogénművek, Hungary’s sole producer of artificial fertiliser, on Wednesday said it is suspending the energy-intensive production of ammonia due to high energy prices.
The company said gas prices had more than doubled and the security of European energy supply was at risk in light of the war in Ukraine.
Meanwhile, the company added that
government controls on grain exports may impact the agricultural market “in unforeseeable ways” and “further increase risks”.
“Nitrogénművek is monitoring the situation and will do everything it can to restart production and reduce the region’s import dependency on artificial fertiliser,” it added.
Read alsoOne of Balaton’s beautiful restaurants transforms into a wine-tasting place – PHOTOS
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Orbán cabinet: Decision between war and peace the top issue in EP election
Hungary is one of the best choices for tourists concerning purchasing power
PHOTOS: Bulgarian Cultural and Educational Centre inaugurated in Budapest
How to get a bargain on this year’s Balaton holiday
EU could amend migration pact?
Budapest’s burger bar one of the Best Burgers in Europe 2024! – PHOTOS