UPDATE 1-Mosaic to idle Louisiana phosphates operations to cut 2019 output [Reuters]
Mosaic Company (The) (MOS)
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Source: Reuters
UPDATE 1-Mosaic to idle Louisiana phosphates operations to cut 2019 output (Adds details on output cut, background on results) Sept 9 (Reuters) - U.S. fertilizer company Mosaic Co said on Monday it would idle its Louisiana phosphates operations to cut production by about 500,000 tonnes in 2019 as more imports into the country have pushed down prices. Prices of the crucial fertilizer ingredient have been have been under pressure since late 2018 as demand remains weak and capacity expansions in Morocco and Saudi Arabia have increased output and exports. Mosaic also said it would temporarily curtail potash production at Colonsay mine in Saskatchewan. In June, it had permanently closed its Plant City phosphates facility in Florida, as it looks to cut costs amid weak global phosphate market conditions. The output curtailment, effective Oct.1, will reduce high phosphate fertilizer inventories, Mosaic said. The company said it continues to expect strong fall fertilizer application in North A
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MOS
News
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- Mosaic Announces Dates For First Quarter 2024 Results And Conference Call Accesswire
- Global Foliar Fertilizer Market to Reach USD 28.59 Billion by 2030, Growing at a CAGR of 5.98% [Yahoo! Finance]Yahoo! Finance
- Mosaic (MOS) January and February Phosphates & Potash Volume Up [Yahoo! Finance]Yahoo! Finance
- Mosaic Announces January and February 2024 Revenue and Sales Volumes, Update on Riverview Facility IncidentAccesswire
MOS
Earnings
- 2/21/24 - Beat
MOS
Sec Filings
- 3/8/24 - Form SC
- 3/6/24 - Form 4
- 3/6/24 - Form 4
- MOS's page on the SEC website