Global prices of fertiliser are set to fall from their current high levels, according to London-based commodity analysts CNS Canada. 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.
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.