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Mosaic reported October and November 2022 sales volumes and revenues, with potash revenue up but volumes down year on year. It cut its fourth-quarter phosphate volume guidance to 1.5-1.7 million tonnes and potash to 1.8-2.0 million tonnes, citing idled Colonsay potash mine and Hurricane Ian repairs.
Reduced Mosaic output and slower seasonal demand tighten near-term phosphate and potash supply, though weak demand limits price support. The company expects a stronger 2023 for nutrients.
global-agriculture.comGlobaladminDec 29, 2022Not enough comparable past events yet for a historical read.
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.
