Australia Acts to Secure Urea Amid Supply Risk From Iran War

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Australia set up a government working group with the fertilizer industry to safeguard urea supplies at risk from disruptions linked to the war in Iran, Agriculture Minister Julie Collins said.About 60% of Australia’s urea — a key nitrogen fertilizer used to boost crop yields — typically passes through the Strait of Hormuz, a critical shipping route that remains constrained despite a US-Iran ceasefire that took effect April 8, Collins told Sky News Australia on Sunday.
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