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IFDC's Fertilizer Crisis Response Bulletin #10 reports that tanker freight rates rose more than 90 percent and bunker fuel prices nearly doubled since late February. War risk insurance premiums have also surged, with some insurers suspending Persian Gulf coverage.
Higher freight and insurance costs raise landed fertilizer prices in importing regions and push up shipping costs for bulk feed ingredients, supporting higher delivered prices.
ifdc.orgAfricaFertilizer Staff, IFDC Staff, Sustain Africa StaffMay 5, 2026After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
Not 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.
