# Fitch ups 2024 price assumptions for ammonia, urea, phosrock

> Fitch Ratings raised its 2024 price assumptions for Middle East FOB ammonia and urea, and for Moroccan phosphate rock. The revisions were confirmed in a statement on Thursday.

- Date: 2024-12-06 · published 2024-12-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27284-fitch-ups-2024-price-assumptions-for-ammonia-urea-phosrock
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Higher benchmark assumptions for nitrogen and phosphate inputs signal firmer fertilizer costs, which feed into feed-grain production costs and can support corn and soybean price expectations over time.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- qcintel.com: https://www.qcintel.com/ammonia/article/fitch-ups-2024-price-assumptions-for-ammonia-urea-phosrock-33116.html

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