Quote:
Originally Posted by Peter Ward
Hearing about the Urea shortage...caused by China deciding to ban exports of the stuff to Australia (used to make Adblue and similar diesel engine anti-emission additives) it looks like long distance trucking may grind to a halt in the New Year.
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Not specifically suspend its exports to Australia, China has announced
it has suspended its export of fertiliser products to the world until June 2022
"to ensure domestic availability amid food security concerns".
China accounts for about one-10th of the world supply of urea and one-third
of another important farm input of diammonium phosphate.
Russia has also curbed fertiliser exports for six months.
This is on the back of near record high fertiliser costs where prices have
been driven by surging energy costs and supply curtailments.
See
https://blogs.worldbank.org/opendata...urity-concerns
See
https://www.theguardian.com/australi...s-supply-chain
The spin in Australia that the economy is in great shape seems blinkered
to the realities of how badly global supply chains have been disrupted,
the longer than expected times it will take them to get back to "normal"
and the rising price of just about everything against near zero
wage growth.
More honest advice may well be "hope for the best, expect the worst".