Global prices of fertiliser are set to rise from their current high demand , according to London - based commodity analysis CRU . The company said strong demand had led to an increase in prices but that supply will soon exceed demand , causing a fall in prices by the middle of the year . Its analysis predicted urea prices will rise from $ 250 to $ 220 per tonne in the Middle Eastern market , while phosphate prices will come down from their high of $ 415 per tonne on the Tampa , Florida market to around $ 360 by July .
Global prices of fertiliser are set to fall from their current high levels, according to London-based commodity analysts CRU. The company said strong demand had led to an increase in prices but that supply will soon exceed demand, causing a fall in prices by the middle of the year. Its analysis predicted urea fertiliser will drop from $250 to $220 per tonne in the Middle Eastern market, while phosphate prices will come down from their high of $415 per tonne on the Tampa, Florida market to around $360 by July.