# Q4 Fertilizer Review — Chewachem Ltd.

> Chewachem's Q4 2023 review reports that urea, DAP and MOP prices closed 2023 substantially lower, with urea and MOP stabilizing at those levels. Container and bulk freight rose to 18-month highs in Q4 on Red Sea attacks by Houthi rebels and reduced Panama Canal transits due to El Niño drought. China's November suspension of CIQ inspections also halted fertilizer exports.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11083-q4-fertilizer-review-chewachem-ltd
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Higher freight costs raise landed fertilizer and feed-ingredient costs for importers even as fertilizer prices soften. Ongoing shipping disruption keeps upward pressure on delivered prices.

## Read by commodity

- UREA: neutral
- POTASH: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-07-22 | [Fertilizer Supply Chains Face a Costly Turning Point](https://feedsoft.ai/events/18690-fertilizer-supply-chains-face-a-costly-turning-point.md) | +1.5% | -1.3% |
| UREA | 2023-04-22 | [US fertilizer prices continue short-term rise, while all other markets decline.](https://feedsoft.ai/events/36731-us-fertilizer-prices-continue-short-term-rise-while-all-other-markets-decline.md) | +3.2% | +5.6% |
| UREA | 2020-07-06 | [Essential Fertilizers Ride the Coronavirus Storm Across the Globe - AgriBusiness Global](https://feedsoft.ai/events/52065-essential-fertilizers-ride-the-coronavirus-storm-across-the-globe-agribusiness.md) | +2.2% | +10.3% |
| UREA | 2023-09-20 | [Earthquakes in Morocco Cause Supply Affliction for Phosphoric Acid, Impacting Global Fertilizer Market](https://feedsoft.ai/events/34431-earthquakes-in-morocco-cause-supply-affliction-for-phosphoric-acid-impacting.md) | -0.5% | -6.2% |
| UREA | 2026-03-26 | [The Mississippi River is open for business early - Brownfield Ag News](https://feedsoft.ai/events/16382-the-mississippi-river-is-open-for-business-early-brownfield-ag-news.md) | +10.4% | +11.0% |

## Sources

- chewachem.com: https://www.chewachem.com/blog/blog-post-title-three-nfsj4

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