# Mosaic misses profit estimates on lower fertilizer prices, Hurricane Ian damage

> Mosaic missed profit estimates as phosphate and potash prices cooled from near-record highs earlier this year. Its phosphate production fell 4% and sales volumes dropped 10% after Hurricane Ian damaged its Tampa operations and disrupted rail and port access.

- Date: 2022-11-07 · published 2022-11-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/38990-mosaic-misses-profit-estimates-on-lower-fertilizer-prices-hurricane-ian-damage
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower fertilizer prices and reduced phosphate supply from a major producer leave the balance mixed, but cooling nutrient prices ease cost pressure on crop production over time.

## Read by commodity

- DAP: neutral
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2019-12-23 | [Growing Global P Demand Helps Outlook](https://feedsoft.ai/events/10019-growing-global-p-demand-helps-outlook.md) | 0.0% | +2.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/mosaic-third-quarter-profit-more-than-doubles-2022-11-07/

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