# With billions of tonnes of phosphate for fertiliser, can Australia 'seize the moment'? - ABC News

> Australian industry figures say the Georgina Basin holds billions of tonnes of phosphate rock, and several companies are looking to start mines. Most fertiliser used by Australian farmers is currently imported, and the speakers at the Darwin conference argued the timing is right given soaring global prices.

- Date: 2022-06-11 · published 2022-06-11T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41257-with-billions-of-tonnes-of-phosphate-for-fertiliser-can-australia-seize-the
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

New Australian phosphate supply would be a long-term development that could ease import dependence, but it has no near-term effect on global phosphate prices.

## Read by commodity

- PHOSROCK: neutral

## Sources

- abc.net.au: https://www.abc.net.au/news/2022-06-11/fertiliser-industry-push-for-georgina-basin-phosphate/101141522

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.