Australia set up a government working group with the fertiliser industry to safeguard urea supplies at risk from disruptions linked to the war in Iran, Agriculture Minister Julie Collins said.About 60% of Australia’s urea — a key nitrogen fertiliser used to boost crop yields — typically passes through the Strait of Hormuz, a critical shipping route that remains constrained despite a US-Iran ceasefire that took effect April 8, Collins told Sky News Australia on Sunday.The country has sufficient supplies in reserve and “on the water,” Collins said, adding the government is working with industry to secure longer-term availability. Australia is among the world’s largest exporters of wheat, beef, wool and dairy.Domestic production is expected to begin in mid-2027 at the A$6.5 billion Perdaman Urea Plant in Western Australia’s Pilbara region, she said.Grocery prices may immediately rise 3% to 4% as higher fuel and fertiliser costs linked to the conflict feed through the economy, ...