The attached link suggests demand outstrips supply:
http://www.nswfarmers.org.au/__data/assets/pdf_file/0003/45732/Fertiliser_Prices_Factsheet_0208b.pdf
phosphate latest craze for investors , page-6
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 7 | 5400667 | 1.0¢ |
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| 1.1¢ | 306145 | 2 |
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