Commodities
Australia Secures Fertilizer From Indonesia to Meet Crop Needs
A farmer unloads harvested wheat into a trailer behind a tractor near Wee Waa, New South Wales, Australia.
Photographer: David Gray/AFP/Getty ImagesAustralia will purchase 250,000 tons of agricultural grade urea from Indonesia to help fill gaps in its supply left by disruptions from the war in Iran.
In a deal facilitated by the two governments, Incitec Pivot Fertilizers Ltd. will purchase the urea from PT Pupuk Indonesia Holding Co., fulfilling about 20% of Australia’s remaining requirements for the upcoming winter crop, which includes major grains and oilseeds such as wheat, barley and canola.