Australia's Elders flags diesel price risk from Iran war, shares tumble
18/05/2026 05:11
May 18 (Reuters) - Australian agribusiness firm Elders ELD.AX warned on Monday that elevated diesel prices due to the Iran war could pressure cost in the second half of the year, putting its shares on track for their worst session in two years. The company said volatility in fuel and fertiliser prices posed challenges to its supply chain in the first half and, although prices have eased from their March peaks, they are expected to remain a risk to costs in the second half. (Reporting by Shruti Agarwal in Bengaluru; Editing by Subhranshu Sahu) ((Shruti.Agarwal@thomsonreuters.com;))
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