# Argus/IFA study reaffirms no shortage of phosphate rock | Argus Media

> Argus, commissioned by the International Fertilizer Association, released the first global review of phosphate rock resources and reserves since 2010. The study estimates technically recoverable supply for about 350 years at current usage rates. It concludes there is no global shortage of phosphate rock.

- Date: 2023-04-25 · published 2023-04-25T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/36747-argus-ifa-study-reaffirms-no-shortage-of-phosphate-rock-argus-media
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

The finding undercuts shortage narratives that have supported phosphate rock prices, so it leans bearish for longer-term rock prices. Near-term prices are still driven by current supply and demand.

## Read by commodity

- PHOSROCK: bearish ▼

## Sources

- argusmedia.com: https://www.argusmedia.com/en/about-argus/media-centre/press-releases/argus-ifa-study-reaffirms-no-shortage-of-phosphate-rock

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