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The Red Sea crisis, with Houthi attacks on ships, has raised freight on imported fertilizers to India, with rates rising from $20 to $30-40 per tonne. DAP and potash from Jordan, Israel and Russia are most affected, and delivery times have lengthened.
Higher ocean freight and longer routes raise landed fertilizer costs and reflect broader shipping disruption that can lift freight-linked feed input costs.
business-standard.comSanjeeb MukherjeeJan 30, 2024Not enough comparable past events yet for a historical read.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
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.
