AGIC hears urea stablising, phosphate of concern
AI Summary
AGIC delegates reported stabilization in urea prices but expressed concern over potential phosphate shortages due to scarce and expensive sulfur, a consequence attributed to the ongoing US-Iran conflict. These supply issues may affect agricultural inputs significantly in Australia and beyond.
AGIC delegates heard urea prices have stabilised, but phosphates may be in short supply amid scarce and expensive sulphur as a result of the US-Iran War.
World Conflict Markets Commodities AGIC urea phosphate shortage sulfur scarcity US-Iran conflict agriculture Australia