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Mosaic misses fourth-quarter profit estimates on lower sales, prices

Summary by Mining Weekly

Fertiliser producer Mosaic missed Wall Street expectations for fourth-quarter profit on Thursday, hurt by lower potash prices and sales. Crop prices, including those of soybean, wheat and corn, have been falling over recent quarters due to oversupply and weakening demand, forcing farmers to curtail spending, impacting firms such as Mosaic. The company's quarterly net sales volume in its potash segment was at 2.2-million tonnes, down about 15% f

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Mosaic misses fourth-quarter profit estimates on lower sales, prices

Fertiliser producer Mosaic missed Wall Street expectations for fourth-quarter profit on Thursday, hurt by lower potash prices and sales. Crop prices, including those of soybean, wheat and corn, have been falling over recent quarters due to oversupply and weakening demand, forcing farmers to curtail spending, impacting firms such as Mosaic. The company's quarterly net sales volume in its potash segment was at 2.2-million tonnes, down about 15% f

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Mining Weekly broke the news in 14 days ago on Friday, February 28, 2025.

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