Mosaic May Revenues Up, Volumes Down; 2Q P&K Prices Soar

The Mosaic Co., Tampa, on June 22 announced increased revenues and reduced volumes for the month of May for all three major company segments compared to year-ago levels.

Mosaic said a compressed North American planting season and ongoing rail delays are impacting sales volumes. Mosaic now expects potash sales volumes of 2.3-2.5 million mt and phosphates sales volumes of 1.6-1.8 million mt in the second quarter.

For pricing, it expects realized MOP prices on an FOB basis in the second quarter to be $100-$120/mt higher than prices realized in the first quarter. In Phosphates, it expects second-quarter realized DAP prices on an FOB basis to be $130-$150/mt higher than prices realized in the first quarter.

Potash 05/22 05/21
Sales Volumes (000 mt) 744 891
Revenues ($/M)      539 246
Phosphate 05/22 05/21
Sales Volumes (000 mt) 462 553
Revenues ($/M)      502 327
Mosaic Fertilizantes 05/22 05/21
Sales Volumes (000 mt) 782 790
Revenues ($/M)      786 336