Australian government created a high‑level urea task force with the fertilizer industry as Hormuz conflict threatens imports.
About 60% of Australia’s urea imports transit the Strait of Hormuz; the A$6.5 bn Perdaman plant won’t start until mid‑2027.
Treasury warns grocery prices could jump 3‑4% immediately as higher fertilizer and fuel costs feed through the supply chain.
Ministers launched a A$20 million “Every Little Bit Helps” campaign, may delay road user charge changes, and push electrification to curb stagflation risks.