The Mosaic Co. on March 27 released January and February sales volumes and revenues for its three major segments, with potash and phosphate sales volumes outpacing year-ago figures. Revenues for the segments, as well as for Mosaic Fertilizantes, trailed the year-ago numbers.
First-quarter potash sales volumes and MOP prices at the mine are expected to be within the previous guidance range of 2.0-2.2 million mt, and $225-$250/mt, respectively.
Phosphates sales volumes are expected to be within the previous guidance range of 1.6-1.8 million mt. Included in that estimate are 175,000-200,000 mt of low margin products purchased from third parties to offset the impact of Mosaic’s previously announced turnaround schedule in the first half of 2024. DAP prices at the plant are expected to be within the previous guidance range of $580-$605/mt.
Potash | Jan/Feb 2024 | Jan/Feb 2023 |
Sales Volumes (000 mt) | 1,417 | 1,100 |
Sales Revenues (M US$) | 418 | 542 |
Phosphates | Jan/Feb 2024 | Jan/Feb 2023 |
Sales Volumes (000 mt) | 1,087 | 1,066 |
Sales Revenues (M US$) | 760 | 827 |
Mosaic Fertilizantes | Jan/Feb 2024 | Jan/Feb 2023 |
Sales Volumes (000 mt) | 1,238 | 1,462 |
Sales Revenues (M US$) | 650 | 971 |