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Market Chatter: Indonesia to Export About 1 Million Tonnes of Fertilizer Due to Domestic Surplus

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-- Indonesia is in discussion to export nearly 1 million tonnes of fertilizer to India, the Philippines, Thailand and Brazil due to domestic surplus, The Star reported Wednesday, citing Cabinet Secretary Teddy Indra Wijaya's presidential office statement.

The plan follows an earlier commitment to supply 250,000 tonnes of fertilizer to Australia. The country produces about 7.8 million tonnes of urea fertilizer annually against the domestic demand of 6.3 million tonnes, leaving a surplus available for export, according to the report.

The move will balance domestic supply needs while expanding overseas markets amid shifting global fertilizer demand, the news outlet reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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