# Mosaic to idle Louisiana phosphates operations to cut 2019 output

> Mosaic said it will idle its Louisiana phosphate operations from October 1, cutting about 500,000 tonnes of 2019 output. It also will temporarily curtail potash production at its Colonsay mine in Saskatchewan. The company cited higher imports that have pushed phosphate prices down.

- Date: 2019-09-10 · published 2019-09-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/57399-mosaic-to-idle-louisiana-phosphates-operations-to-cut-2019-output
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Removing a large volume of phosphate supply should help firm the phosphate market and reduce high inventories. Lower output tightens supply for DAP and phosphate rock, though increased Moroccan and Saudi capacity limits the upside.

## Read by commodity

- DAP: bullish ▲
- POTASH: bullish ▲
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2019-09-16 | [Mosaic plans to idle Louisiana operations](https://feedsoft.ai/events/57419-mosaic-plans-to-idle-louisiana-operations.md) | -0.2% | -1.9% |
| DAP | 2019-09-10 | [Mosaic to Idle Louisiana Operations to Cut Back Supply \| INN](https://feedsoft.ai/events/57418-mosaic-to-idle-louisiana-operations-to-cut-back-supply-inn.md) | +0.6% | +1.2% |
| DAP | 2020-06-29 | [Mosaic Fears Moroccan Domination of US Phosphate Market](https://feedsoft.ai/events/52922-mosaic-fears-moroccan-domination-of-us-phosphate-market.md) | +4.8% | +9.3% |
| DAP | 2024-08-07 | [Mosaic expects phosphate and potash demand to return in second half of 2024](https://feedsoft.ai/events/28670-mosaic-expects-phosphate-and-potash-demand-to-return-in-second-half-of-2024.md) | +0.5% | +3.0% |
| DAP | 2020-09-22 | [US Phosphates Giant Mosaic Eyes Monopoly, Threatens Moroccan Exports](https://feedsoft.ai/events/51428-us-phosphates-giant-mosaic-eyes-monopoly-threatens-moroccan-exports.md) | -2.2% | -0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/09/09/mosaic-to-idle-louisiana-phosphates-operations-to-cut-2019-output.html
- cnbc.com: https://www.cnbc.com/2019/09/10/mosaic-to-idle-louisiana-phosphates-operations-to-cut-2019-output.html

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