# Fertiliser prices boom as Incitec Pivot plans closure of Gibson Island plant - ABC News

> Incitec Pivot plans to close its Gibson Island fertiliser plant in Brisbane at the end of 2022, citing an unviable long-term gas supply. The plant produces ammonia, urea and ammonium products, and the closure affects up to 170 jobs.

- Date: 2021-11-12 · published 2021-11-12T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/43980-fertiliser-prices-boom-as-incitec-pivot-plans-closure-of-gibson-island-plant
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Closing a major Australian nitrogen plant reduces local urea and ammonia supply just as natural gas costs are at historic highs, tightening regional fertiliser availability and supporting prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2021-11-13/incitec-pivot-shut-brisbane-plant-amidst-fertiliser-price-boom/100610750

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