Middle East Conflict Threatens Australian Exports

0:00In Sydney today, March 4th, the ongoing conflict in the Middle East is disrupting key shipping routes and hitting Australian trade hard with $15 billion worth of exports at risk. Me processes across the country have stopped sending chilled and frozen products to the region as major carriers have spin trips through the strait of Hormuz due to safety warnings from Iran. Industry leaders say access is completely cut off, leaving containers full of lamb and sheet meat stranded at sea with tight expiry dates that can't. Be rerouted elsewhere. Farmers heading into the winter cropping season are bracing for big jumps in fertilizer prices, especially urea and nitrogen, since supplies rely on, those same troubled routes. Meanwhile, while diesel costs rise, some sea is so relianting with higher wheat and canola prices tied to climbing oil markets, though experts warn A. Per long shutdown could spill disaster for crops. We'd like to thank our sponsor for making this episode possible. Press play, put your head down, the sound is already there.

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