YARIY - Yara International: Solid Results New Business Opportunity

• Yara International was not particularly affected by the pandemic, which makes sense since food production is still critical for human life.
• The company did see some margin suppression due to low nitrogen prices, but this should change going forward as prices are beginning to firm up.
• The company's European operations also suffered from higher YOY natural gas prices, although its American ones benefited from the exact opposite.
• The long-term fundamentals are very strong here as declining arable farmland per capita globally means that crop yields must be increased.
• The company's dividend is a bit lower than last year's, but it still boasts a 4.8% yield at the current price.

For further details see: