Traders have driven global fertiliser prices lower as concerns over supply disruptions in the Middle East ease. The market shift follows a brief spike earlier this year when geopolitical risks threatened key export routes.

Reduced demand from major agricultural hubs and a modest inventory build have pressured spot rates, prompting buyers to renegotiate contracts. Analysts note that the price decline could tighten margins for producers who faced higher input costs during the earlier rally.

Investors watch the trend closely, as lower fertiliser costs may boost farm profitability but also reduce revenue streams for firms reliant on premium pricing. The current environment underscores the sector's sensitivity to regional stability and inventory dynamics.