Loading…
Mosaic will temporarily curtail production at its Esterhazy potash mine, bringing total announced potash curtailments to up to 600,000 tonnes. The company cited rising inventories from a short-term slowdown in global potash markets and the risk of delayed Chinese contract settlement.
Mosaic estimates a fourth-quarter adjusted EBITDA hit of about $150 million if the full cut is realized.
Removing up to 600,000 tonnes of supply tightens potash availability and supports prices if inventories clear. Delays in Chinese contract settlement remain the key uncertainty for pricing.
investors.mosaicco.comOct 10, 2019
worldfertilizer.comNicholas WoodroofOct 11, 2019
manitobacooperator.caGFM Network News, Gfm StaffOct 13, 2019Not 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.
