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Investing.com – CF Industries stock (NYSE:CF) rose 1% in Tuesday’s premarket trading following the company’s decision to resume production of carbon dioxide gas at its U.K. factories.
The company had last week halted production at both its Billingham and Ince fertilizer plants, blaming high natural gas prices. The factories make fertilizer and other hydrogen- and nitrogen-related products.
CO2 is a by-product of the fertilizer manufacturing process. The gas is used to stun farm animals prior to them being slaughtered as well as in the vacuum-packing process.
The move to resume work follows the company’s talks with Business Secretary Kwasi Kwarteng, according to Sky News.
The suspension of production raised fears of rising food prices, particularly meat, poultry and bakery products.
