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The US Trade Representative proposed service fees of up to $1 million to $1.5 million per US port call for ships with Chinese ownership or Chinese-built vessels. Operators with over half of new orders at Chinese yards would face an extra $1 million per vessel.
Russian granular urea sold to Brazil at $360 to $365/t CFR, a steep discount from the previous week.
The proposed fees would push cargoes away from US ports, raising ocean freight costs and diverting shipments. Urea and other fertilizer flows to Brazil would benefit from cheaper Russian supply, which pressures prices.
fertilizerdaily.comIlya MotoryginMar 21, 2025Not enough comparable past events yet for a historical read.
After 64 past logistics events, Urea moved a median -0.3% over 5 sessions (48% higher; middle half -1.0% to +2.3%), and -0.3% 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.
