Wesfarmers Limited CSBP Scrambles for Fertiliser as Iran War Hits Urea Supply
CSBP, Wesfarmers Ltd’s fertiliser division, is hustling to boost local output and secure replacement shipments after conflict in the Persian Gulf disrupted urea and phosphate supplies bound for Australia, CSBP sales strategy and reliability manager Ben Sudlow said late last week. Earlier this month, Reuters reported that the Wesfarmers arm had notified some customers of potential delays to ammonium phosphate compound and urea cargoes. This is a tough moment for Western Australian growers, just as seeding season kicks off. Urea, the nitrogen fertiliser that’s essential for boosting crop yields, is a top priority right now. About a third of the world’s fertiliser trade moves through the Strait of Hormuz, according to Reuters. The United Nations, citing the risks of deeper