# Morocco’s Phosphate Sector Holds Steady

> Fitch Ratings raised its 2026 price forecasts for ammonia to about $375/t from $300 and urea to about $420/t from $340, citing Hormuz disruption. It expects phosphate rock to stay near $150/t FOB Morocco.

- Date: 2026-03-16 · published 2026-03-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/20473-morocco-s-phosphate-sector-holds-steady
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Higher nitrogen fertilizer forecasts raise input costs for grain and forage production, while stable phosphate prices suggest Moroccan phosphate supply remains relatively insulated from Gulf disruption.

## Read by commodity

- UREA: bullish ▲
- PHOSROCK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-03-17 | [Morocco phosphate sector remains stable as global fertilizer costs rise](https://feedsoft.ai/events/20476-morocco-phosphate-sector-remains-stable-as-global-fertilizer-costs-rise.md) | +3.3% | +19.6% |
| UREA | 2024-01-30 | [Fitch Sees Higher Prices for Ammonia, Urea, Phosphate Rock -- Commodity Comment - MarketWatch](https://feedsoft.ai/events/32438-fitch-sees-higher-prices-for-ammonia-urea-phosphate-rock-commodity-comment.md) | -1.4% | +0.1% |
| UREA | 2026-03-18 | [Morocco’s phosphate supply draws attention as fertilizer prices shift  - Milling Middle East & Africa Magazine - No.1 Grains Industry Magazine & Website for Africa & the Middle East](https://feedsoft.ai/events/20475-morocco-s-phosphate-supply-draws-attention-as-fertilizer-prices-shift-milling.md) | +2.0% | +18.0% |
| UREA | 2022-04-29 | [Why the Fertilizer Sector Looks Promising in 2022 \| Aranca](https://feedsoft.ai/events/9206-why-the-fertilizer-sector-looks-promising-in-2022-aranca.md) | -16.6% | -16.3% |
| UREA | 2025-01-17 | [Urea Sector - Earnings to grow from VAT law change, lower YoY gas prices - Vietcap](https://feedsoft.ai/events/26813-urea-sector-earnings-to-grow-from-vat-law-change-lower-yoy-gas-prices-vietcap.md) | +0.9% | +14.2% |

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2026/03/282882/moroccos-phosphate-sector-holds-steady-despite-global-fertilizer-market-pressure/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.