The Mosaic Co., citing the rapidly changing environment, released a special update March 25 reporting that certain of its operational facilities have been impacted by the COVID-19 situation—Miski Mayo in Peru, distribution operations in India and the Patrocinio Mine in Brazil.
In market related news, the company said Canpotex negotiations with China are underway with an expected resolution in early second quarter, with the negotiations expected to set a bottom.
On a positive note, Mosaic is expecting strong demand in North America and Brazil.