# Fertilizer freight rates jump to new highs | Latest Market News

> Argus' basket of dry bulk fertilizer freight rates rose $5.50/t in a week to $31.83/t, the highest since 2015. The Baltic MAP-to-Brazil rate reached a record $42-44/t as Russian Baltic ports face ice restrictions from March.

- Date: 2021-02-19 · published 2021-02-19T12:00:00.000Z
- Category: logistics · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/48522-fertilizer-freight-rates-jump-to-new-highs-latest-market-news
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Record fertilizer freight costs from Baltic ports raise landed fertilizer prices into Brazil and other importers, supporting fertilizer prices. Higher freight also reflects demand from grain and soybean shipments that compete for the same bulk tonnage.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2020-05-22 | [Rising fertilizer freight rates to pressure suppliers \| MoroccoTomorrow](https://feedsoft.ai/events/53067-rising-fertilizer-freight-rates-to-pressure-suppliers-moroccotomorrow.md) | +1.5% | +2.5% |
| 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 | 2026-03-13 | [OCP and Maaden sell MAP and TSP to Latin America \| World Fertilizer](https://feedsoft.ai/events/12921-ocp-and-maaden-sell-map-and-tsp-to-latin-america-world-fertilizer.md) | +1.4% | +11.2% |
| DAP | 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) | +0.5% | +39.8% |
| DAP | 2023-12-11 | [Urea CFR Price Lifted by Buoyant Freight Rates \| CZ app](https://feedsoft.ai/events/32636-urea-cfr-price-lifted-by-buoyant-freight-rates-cz-app.md) | +0.9% | +3.9% |
| 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 | 2021-01-07 | [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% |
| UREA | 2021-06-11 | [Fertilizer Markets Boom on Mixed Fundamentals \| Potato Grower Magazine](https://feedsoft.ai/events/46906-fertilizer-markets-boom-on-mixed-fundamentals-potato-grower-magazine.md) | +0.2% | -0.0% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2188678-fertilizer-freight-rates-jump-to-new-highs

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