
Mosaic said it will cut phosphate output at its Florida, Louisiana and Brazil operations to match the sulfur it can buy at acceptable prices, and it suspended the South Fort Meade mine in the US and the Miski Mayo mine in Peru. Its Florida plants are running at about 60-65% capacity, and Q4 sulfur costs are expected to rise to $800-850 per tonne.
On November 9 the European Commission launched an EU fertiliser value chain partnership to secure domestic fertiliser supply.
Output cuts and mine suspensions tighten phosphate supply, which supports DAP and phosphate rock prices as Mosaic expects global phosphate trade to fall about 20 million tonnes this year. Higher sulfur costs are feeding through the supply chain and reshaping global phosphate availability.
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.