An Australian company will import a significant amount of urea fertilizer from Indonesia, helping to alleviate concerns over potential food production shortages. This deal addresses supply risks caused by geopolitical issues, specifically the war in Iran which disrupted Middle Eastern supply.

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 source of nitrogen that fuels plant growth, has risen....