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THE WEEKLY TIMES | Fertiliser supplier in negotiations with offshore buyer

Australia's largest fertiliser supplier could be sold to an overseas entity, with the sale expected to come under the scrutiny of the Foreign Investment Review Board (FIRB).

Incitec Pivot Limited is in advanced negotiations with Indonesian state-owned enterprise PT Pupuk Kalimantan Timur.

The Weekly Times reported that potential sale of the currently Queensland-based operation may not be in the best interest of Australian farmers.

Grain Producers Australia Chief Executive Officer Colin Bettles said GPA hoped FIRB would seek feedback from farm groups to ensure sale decisions would not negatively impact national interest.

GPA Northern Region Director and AgForce Grains Committee President Brendan Taylor said Australia has all the resources necessary to produce its own fertiliser, but government policies need to be encouraging domestic production.

“If we rely on imported products all the time, we do set ourselves up for failure," he said.


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