# Fitch hikes DAP and urea price assumptions, leaves ammonia unchanged

> Fitch Ratings raised its 2025-2026 price assumptions for urea and DAP but left ammonia assumptions unchanged. The article text is truncated after the opening paragraph.

- Date: 2025-03-18 · published 2025-03-18T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/25905-fitch-hikes-dap-and-urea-price-assumptions-leaves-ammonia-unchanged
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Upward revisions in a major rating agency's fertilizer price deck signal expectations of firmer urea and DAP prices over the next two years.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-06-26 | [Fitch Ratings Revises Near-Term Fertiliser Price Assumptions](https://feedsoft.ai/events/24534-fitch-ratings-revises-near-term-fertiliser-price-assumptions.md) | +5.4% | +11.3% |
| UREA | 2025-02-05 | [Urea, UAN32 lead fertilizer prices higher \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/4647-urea-uan32-lead-fertilizer-prices-higher-profitability-farmweeknow-com.md) | +2.4% | -1.5% |
| UREA | 2026-10-05 | [U.S. Fertilizer Prices Split Sharply as Urea Jumps 9% and UAN28 Falls 11%](https://feedsoft.ai/events/660-u-s-fertilizer-prices-split-sharply-as-urea-jumps-9-and-uan28-falls-11.md) | -1.7% | +0.3% |
| UREA | 2026-02-25 | [U.S. Fertilizer Prices Rise for Second Week as Urea Leads Nitrogen Rally](https://feedsoft.ai/events/20928-u-s-fertilizer-prices-rise-for-second-week-as-urea-leads-nitrogen-rally.md) | +28.3% | +35.4% |
| UREA | 2021-03-17 | [UAN28 Leads Fertilizer Prices Higher as Nitrogen Prices Spike](https://feedsoft.ai/events/48434-uan28-leads-fertilizer-prices-higher-as-nitrogen-prices-spike.md) | +0.4% | -1.9% |
| DAP | 2025-06-26 | [Fitch Ratings Revises Near-Term Fertiliser Price Assumptions](https://feedsoft.ai/events/24534-fitch-ratings-revises-near-term-fertiliser-price-assumptions.md) | +0.7% | +3.8% |
| DAP | 2021-12-28 | [DAP sales drop due to price hike](https://feedsoft.ai/events/43940-dap-sales-drop-due-to-price-hike.md) | 0.0% | -1.7% |
| DAP | 2026-02-25 | [U.S. Fertilizer Prices Rise for Second Week as Urea Leads Nitrogen Rally](https://feedsoft.ai/events/20928-u-s-fertilizer-prices-rise-for-second-week-as-urea-leads-nitrogen-rally.md) | +4.7% | +4.5% |

## Sources

- qcintel.com: https://www.qcintel.com/ammonia/article/fitch-hikes-dap-and-urea-price-assumptions-leaves-ammonia-unchanged-37912.html

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