Oct 30 (Reuters) - Fertilizer maker CF Industries ( CF )
on Wednesday reported a 68% rise in third-quarter profit, aided
by strong prices for nitrogen fertilizers.
Benchmark ammonia prices reached to about $530 per ton in
September from $410 per ton at the end of June, aided by
production shut-ins in Trinidad and Egypt.
Prices of natural gas, a key feedstock for nitrogen
fertilizers, remained subdued during much of the reported
quarter, helping CF Industries' ( CF ) margins.
The Northbrook, Illinois-based company reported net earnings
of $276 million, or $1.55 per share, for the three months ended
Sept. 30, compared with $164 million, or 85 cents per share,
last year.