The Mosaic Co. on Dec. 16 reported that sales revenues for November increased for all major business segments – Phosphates, Potash, and Mosaic Fertilizantes. However, volumes were off in both the Phosphates and Potash segments, while they were up in the Brazil-based Mosaic Fertilizantes.
Mosaic reiterated that it expects fourth-quarter Phosphates sales volumes to be in the range of 1.8-1.9 million mt, with average realized prices rising $55-$65/mt over prices realized in the third quarter. The company said November Phosphates revenue was positively impacted by low-margin intercompany sulfur sales.
In Potash, Mosaic continues to expect fourth-quarter sales volumes of 2.0-2.1 million mt, with average realized prices expected to be at the low end of its guidance range of $110-$130/mt over third-quarter realized prices. The company said port congestion in Brazil has shifted expected recognition of higher-priced sales tons to the first quarter of 2022.
| Phosphates | Nov. 2021 | Nov. 2020 |
| Sales Volumes (000 mt) | 576 | 719 |
| Sales Revenue ($/M) | $465 | $312 |
| Potash | ||
| Sales Volumes (000 mt) | 576 | 719 |
| Sales Revenue ($/M) | $465 | $312 |
| Mosaic Fertilizantes | ||
| Sales Volumes (000 mt) | 731 | 694 |
| Sales Revenue ($/M) | $489 | $242 |