
Mosaic said it reduced phosphate production in Florida, Louisiana and Brazil to match output with the sulphur it can obtain at acceptable prices, and idled mining at South Fort Meade in the US and Miski Mayo in Peru. Its Florida plants are operating at about 60–65% of capacity, while rising sulphur costs and limited contracted supply are restricting production.
Reduced phosphate output tightens available supply and could support phosphate fertilizer prices. High sulphur costs may keep production curtailed until margins improve and spot sulphur prices decline.
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.