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Fitch Ratings revised its global fertiliser price assumptions, lowering its ammonia and DAP price expectations. The revision reflects seasonal weakness and longer-term supply risks, and Fitch expects no rating changes as a result.
Short-term market pricing is described as mildly positive.
Lower assumed DAP and ammonia prices signal softer phosphate and nitrogen cost expectations for feed and crop producers. The mildly positive short-term tone limits how far prices are likely to fall.
proshare.coAug 21, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
