Mosaic P&K Volumes Outpace 2023, Revenues Trail

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$) 418542
Phosphates  Jan/Feb 2024 Jan/Feb 2023
Sales Volumes (000 mt) 1,0871,066
Sales Revenues (M US$) 760 827
Mosaic FertilizantesJan/Feb 2024 Jan/Feb 2023
Sales Volumes (000 mt)1,238 1,462
Sales Revenues (M US$)650 971