# Global shipping delays will affect fertilizer prices - Brownfield Ag News

> StoneX analyst Josh Linville says shipments through the Suez Canal have fallen as vessels take longer routes around Africa. He estimates added vessel costs of $500,000 to $700,000 per voyage, or about $15 to $25 per ton for fertilizer.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32437-global-shipping-delays-will-affect-fertilizer-prices-brownfield-ag-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight from Red Sea rerouting adds several dollars per ton to imported urea and phosphate, which will likely raise delivered fertilizer prices for US farmers.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-04-22 | [Fertiliser prices hit new highs as multiple problems affect global supplies :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)](https://feedsoft.ai/events/41767-fertiliser-prices-hit-new-highs-as-multiple-problems-affect-global-supplies.md) | -4.6% | -19.5% |
| UREA | 2024-05-01 | [All Eight Major Fertilizer Prices Higher](https://feedsoft.ai/events/31059-all-eight-major-fertilizer-prices-higher.md) | -6.9% | -5.8% |
| UREA | 2021-03-30 | [Fertilizer price surge shows signs of a top…](https://feedsoft.ai/events/48046-fertilizer-price-surge-shows-signs-of-a-top.md) | -0.9% | -0.9% |
| UREA | 2021-09-15 | [U.S. fertilizer prices soar as storms roil industry hub](https://feedsoft.ai/events/45369-u-s-fertilizer-prices-soar-as-storms-roil-industry-hub.md) | +0.4% | +41.4% |
| UREA | 2021-01-07 | [Taking cue from global market, DAP prices jump](https://feedsoft.ai/events/11958-taking-cue-from-global-market-dap-prices-jump.md) | +7.1% | +27.6% |
| DAP | 2022-04-22 | [Fertiliser prices hit new highs as multiple problems affect global supplies :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)](https://feedsoft.ai/events/41767-fertiliser-prices-hit-new-highs-as-multiple-problems-affect-global-supplies.md) | -0.7% | -9.5% |
| DAP | 2024-05-01 | [All Eight Major Fertilizer Prices Higher](https://feedsoft.ai/events/31059-all-eight-major-fertilizer-prices-higher.md) | +2.1% | +9.1% |
| DAP | 2021-02-19 | [More Than Farm Demand: Why Phosphate and Potash Fertilizer Prices are Surging - ProAg](https://feedsoft.ai/events/12869-more-than-farm-demand-why-phosphate-and-potash-fertilizer-prices-are-surging.md) | -1.5% | -1.7% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/global-shipping-delays-will-affect-fertilizer-prices/

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