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Mosaic announced the permanent closure of its idled Plant City phosphates facility in Florida, which produced about 1.3 million tonnes of finished phosphates in 2017. The company expects a non-cash charge of up to $390 million in 2Q19.
Removing a high-cost plant from supply tightens US phosphate capacity modestly, which is mildly supportive for DAP and phosphate prices, though global supply from Mosaic's other sites remains ample.
worldfertilizer.comNicholas WoodroofJun 19, 2019Not enough comparable past events yet for a historical read.
Not 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.
