Phosphate fertiliser prices are set to remain unusually high, possibly until December , driven up by growing demand from countries including India , Brazil , Africa and Asia . Adding to the problem is a 1.5 million -tonne shortfall resulting from US firm Ricard 's temporary shutdown, slower increases in production in Saudi Arabia and India , and reduced Canadian exports. Prices have increased to as much as $750 per tonne, compared with $ 680 to $ 700 in the spring . “Well, good luck with that because it is going to be even higher this fall,” was Sayers’ reply. The potash market is experiencing the same issue due to high US demand, according to a Canadian sales manager for EuroChem .
Phosphate fertiliser prices are set to remain unusually high, possibly until December , driven up by growing demand from countries including India , Brazil , Africa and Asia . Adding to the problem is a 1.5 million -tonne shortfall resulting from US firm Ricard 's temporary shutdown, slower increases in production in Saudi Arabia and India , and reduced Canadian exports. Prices have increased to as much as $750 per tonne, compared with $ 680 to $ 700 in the spring . The potash market is experiencing the same issue due to high US demand, according to a Canadian sales manager for EuroChem .