Farmers are choosing to skip laying down fertiliser for a year as costs rise, but are still willing to spend on seeds and crop-protection products, the nation's main supplier says.
Nufarm chief executive Rico Christensen says farmers around the world are looking to offset rising fuel and fertiliser prices as a result of the conflict in the Middle East.
"Most farmers, they have options to reduce some of their fertiliser applications," he told an earnings briefing on Wednesday.