Labor races to secure fertiliser and diesel

Original article by Ronald Mizen, Ryan Cropp
The Australian Financial Review – Page: 5 : 22-Apr-26

The federal government is confident that Australia will have sufficient petrol supplies for the month of May and at least the first part of June. However, government sources have indicated that the outlook is less certain for diesel, jet fuel and fertiliser. Australia is likely to face competition for these commodities in coming months, as European and Asian countries begin to rebuild their stockpiles. The government is set to announce new deals for Wesfarmers and Incitec Pivot to underwrite the purchase of fertiliser on the international market; this will be similar to a recent deal for Export Finance Australia to underwrite to fuel cargo purchases on the global spot market.

CORPORATES
WESFARMERS LIMITED – ASX WES, INCITEC PIVOT LIMITED, AUSTRALIA. EXPORT FINANCE AUSTRALIA