“It’s not the norm, is the problem. Phosphate fertiliser prices are set to remain unusually high, possibly until December, driven up by growing demand from countries including India, Brazil, Asia and Africa. The price of phosphate is expected to rise about 10 per cent this year as the world looks for ways to meet its rising appetite for food. 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.
Phosphate fertiliser prices are set to remain unusually high, possibly until December, driven up by growing demand from countries including India, Brazil, Asia and Africa. The price of phosphate is expected to rise about 10 per cent this year as the world looks for ways to meet its rising appetite for food. 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.