Key market prices 1Q 2023

Fertilizer market prices - USD/t, average of publications

1Q22

1Q23

Change

Comments

Ammonia

1,079

830

-249

FOB Black Sea, 1 month lag

Urea

721

380

-341

FOB Black Sea, 1 month lag

CAN

682

551

-134

CIF Germany, 1 month lag

Currencies, no lag, updated to March 14th

1Q22

1Q23

Change

Comments

USD per EUR

1.12

1.07

-0.05

Please update to end March

USD per NOK

0.11

0.10

-0.021

USD per BRL

0.19

0.19

0.00

Natural gas: impact of spot price change (using 1 month lag)

Gas cost guiding from 4Q22 report based on forward curves 31 January:

+320

MUSD (saving)

Estimated impact of spot pricing compared with forward curves

(based on last year's gas consumption as reported in 4Q221):

+17

MUSD (saving)

Updated gas cost guiding:

+337 MUSD (saving)

1)

Rounding

2)

As part of the fourth quarter 2022 presentation, details for 1Q23 gas guiding was given on slide 30. The impact of European spot prices compared with forward curves as of 31 January has been calculated based

1

on last year's first quarter gas consumption of 34.8 mmbtu rather than the regular calculation using gas consumption based on capacities of 40 mmbtu per quarter.

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Yara International ASA published this content on 15 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2023 09:39:05 UTC.