The Mosaic Co. reported increased sales volumes and lower revenues for its Potash and Phosphate segments for the October/November timeframe versus the year-ago period.
Potash volumes were 1.64 million mt, up from the year-ago 1.25 million mt, while revenues were off at $506 million from $780 million. Fourth-quarter sales volumes and potash prices at the mine are expected to be near the low end of previous guidance of 2.4-2.6 million mt and $235-$260/mt, respectively.
Phosphate volumes were 1.02 billion, up from 914,000 mt, while revenues slipped to $677 million from $785 million. Fourth-quarter sales volumes are expected to be near the low end of previous guidance of 1.6-1.8 million mt, with realized DAP prices at the plant to be within previous guidance of $530-$580/mt.
Sales volumes for Mosaic Fertilizantes were off at 1.47 million mt from 1.52 million mt, while revenues dipped to $811 million from $1.24 billion. Mosaic said dry weather conditions pose risks to Brazil fertilizer shipments in the fourth quarter.