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Australia Secures Fertiliser Deal with Indonesia
The deal covers about 20% of the season’s remaining fertiliser needs and is the first shipment under new Strategic Reserve powers.
- On Thursday, Prime Minister Anthony Albanese announced Australia secured 250,000 tonnes of urea from Indonesia through a deal involving Incitec Pivot Fertilisers and Pupuk Indonesia, facilitated by both governments.
- Disruptions in the Strait of Hormuz caused by conflict in Iran restricted fertilizer access, making this agreement critical as it provides about 20% of remaining supply needed until October.
- Incitec Pivot President Scott Bowman called the deal a 'critical plank in servicing the needs of Australian farmers,' helping shore up supplies amid global uncertainty and giving farmers greater planting certainty.
- Utilizing new strategic reserve powers, Albanese also secured about 100 million litres of diesel from Brunei and South Korea, addressing broader energy security concerns alongside the fertilizer agreement.
- Reserve Bank Deputy Governor Andrew Hauser warned, 'Inflation is going to be higher, activity is going to be lower, we're going to be poorer,' signaling need for government fiscal support.
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South China Morning PostReposted by 
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PressNewsAgencyAustralian farmers relieved after Indonesia agrees to supply fertiliser
An Australian company will import 250,000 tonnes of urea fertiliser from Indonesia in the coming months, easing fears of a shortage that would crimp food production, Canberra said on Friday. Australia is one of the world’s biggest exporters of crops including wheat, barley and canola but relies on fertiliser imports that are threatened by the war on Iran, which has cut supply from the Middle East, a major urea producer. The price of urea, a sou…
·Hong Kong
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Total News Sources22
Leaning Left6Leaning Right2Center3Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 27%
R 18%
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