Middle East Conflict Impacts South Australian Farmers
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Middle East conflict escalates, causing urea prices to skyrocket, threatening South Australian farmers profit margins. Rabobank warns of potential disruptions in global urea exports if the Strait of Hormuz closes. Farmers face additional pressure from rising fuel costs and potential losses in grain exports. Shipping delays and climbing petrol prices further strain households and businesses. Economists warn of broader inflation risks, increasing the likelihood of a Reserve Bank rate hike in March.
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