# Fitch Sees Higher Prices for Ammonia, Urea, Phosphate Rock -- Commodity Comment - MarketWatch

> Fitch Ratings raised its price assumptions for ammonia, urea and phosphate rock, citing year-to-date prices and higher gas costs. It expects around 2 million tonnes of Russian exports to return via a Baltic terminal in 2H 2024.

- Date: 2024-01-30 · published 2024-01-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/32438-fitch-sees-higher-prices-for-ammonia-urea-phosphate-rock-commodity-comment
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A ratings agency lifting long-term fertilizer forecasts reflects firmer gas-linked costs and limited new capacity, supporting higher nitrogen and phosphate price expectations for buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-03-02 | [What’s driving up higher urea prices?](https://feedsoft.ai/events/25510-what-s-driving-up-higher-urea-prices.md) | -3.6% | -4.7% |
| UREA | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +4.0% | +9.9% |
| UREA | 2025-02-21 | [Friday’s Insider: Urea and gas prices — market in transition — Fertilizer Daily](https://feedsoft.ai/events/26365-friday-s-insider-urea-and-gas-prices-market-in-transition-fertilizer-daily.md) | -0.5% | -4.7% |
| UREA | 2022-05-11 | [Fertilizer prices expected to remain higher for longer](https://feedsoft.ai/events/41325-fertilizer-prices-expected-to-remain-higher-for-longer.md) | -0.8% | -18.1% |
| UREA | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -18.1% | -19.0% |
| DAP | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | 0.0% | +6.6% |
| DAP | 2022-05-11 | [Fertilizer prices expected to remain higher for longer](https://feedsoft.ai/events/41325-fertilizer-prices-expected-to-remain-higher-for-longer.md) | 0.0% | -13.1% |
| DAP | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -7.9% | -10.0% |

## Sources

- mgahv.in: https://www.mgahv.in/blog/xafq-fitch-sees-higher-prices-for-ammonia-urea-phosphate-rock-commodity-comment-marketwatch/

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